Bank Victorias intensifies SME's lending program

To intensify its lending program to the small- and medium-sized enterprises (SMEs) in Negros and Panay areas, Bank Victorias signed an agreement recently with the German Technical Cooperation - Small and Medium Enterprise Development for Sustainable Employment Program.

Banks reject SME lending rule changes

Banks are opposing the passage of a proposed law that seeks to shore up the mandatory allocation of funds to small and medium enterprises (SMEs), with lenders warning of a possible bloat in bad loans at levels reminiscent of the 1997 Asian financial crisis.