Philippines

The government will set aside up to P28bn in loans for small- and medium-sized enterprises (SMEs) this year, P5bn more than the targeted lending last year.

The Small and Medium Enterprise Development Council (SMEDC), the primary agency involved in the promotion, growth and development of the small- and medium-sized enterprises (SMEs) has approved the implementing guidelines for the administration of

The year 2005 probably won’t be as good as last year for Philippine enterprises, especially with the rising interest rate regime, said the new chief of Bank of the Philippine Islands.

The entire banking system provided smaller amounts for loans to small- and medium-sized enterprises (SMEs) in the second quarter, but still over complied with the requirements set by the central bank.

Land Bank of the Philippines (Landbank) aims to increase its loan allotment for priority sectors next year to 65% of its loan portfolio, or about P84 billion, from the current 60%.

According to the government-run Small Business Guarantee and Finance Corp. (SB Corp) lending to small-and medium-sized enterprises (SMEs) reached a total of P18.6 billion in the first nine months of 2004.

The enthusiasm towards poverty alleviation has increased as The Hongkong Shanghai and Banking Corp. (HSBC) one of the global financial players and one of the country’s premiere development banks has increased its focus on microfinance.

The Rural Bank Association of the Philippines has entered into an agreement with two government agencies and a Philippine-German group to help enhance credit access for small- and medium-sized enterprises (SMEs).

The prolonged credit crunch period brought about by the 1997 Asian crisis has precipitated the need to develop a credit delivery system that could prevent the closure of small- and medium- enterprises (SMEs) that lacked working capital or had seve

The prolonged credit crunch period brought about by the 1997 Asian crisis has precipitated the need to develop a credit delivery system that could prevent the closure of small- and medium- enterprises (SMEs) that lacked working capital or had seve