Philippines

Philippine banks have lent more funds to small- and medium- enterprises than the minimum 8 per cent the law requires, according to the Bangko Sentral ng Pilipinas (BSP).

The chamber of Thrift Banks (CTB) has appealed to the Bangko Sentral ng Pilipinas (BSP) to make its rediscounting facility more affordable to small- and medium- sized enterprises (SMEs) by scrapping a plan to shift to market-based interest rates.

With strict policies set by banks and other lending institutions before it would grant loans, a non-government organization has strengthened its program that aims to provide access to credit to small- and medium- enterprises (SMEs) in the countrys

The Philippine Export-Import Credit Agency (PhilEXIM) plans to enhance the insurance protection given to local exporters against risks of nonpayment of shipments that were bought on credit.

Global fund manager Aureos Capital Ltd. and Planters Development Bank are pooling a US$20-million private equity fund for small and medium-sized enterprises in the Philippines as part of a US$70-million regional fund for Southeast Asia.

The Development Bank of the Philippines (DBP) is hoping to speed up lending to small- and medium-sized enterprises (SMEs) by creating an electronic marketplace for their receivables from large companies.

The Development Bank of the Philippines (DBP) has signed a memorandum of agreement (MoA) with the Integrated Telecommunications Suppliers Association of the Philippines (ITESAP) to provide a factoring facility to small- and medium-sized enterprise

The Bank of the Philippine Islands (BPI) said it was expanding its loan exposure to small and medium enterprises (SMEs) by about P2 billion this year.

The Philippine Export-Import Credit Agency (PhilEXIM) has approved a package of measures that would reduce the cost to exporters of subscribing to its lending facilities.

The BPI Family Savings Bank, the Philippines bank, is increasing lending to small- and medium-sized enterprises (SMEs) by another P2bn this year.