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                    [ArticleID] => 265814
                    [Title] => Banks lend P117B to small, medium firms
                    [Summary] => Banks have managed to extend more small enterprise loans than they were required during  the first  three months of the year, with total loan releases amounting to P133.041 billion  during the review period.


Under the law, banks are  required to set aside at least six percent of their net loan portfolio for small enterprises.  For the first three months of the year, the actual amount extended by the banking system, according to the BSP, represented a total of 12.68 percent of the net loan portfolio as banks outperformed the minimum requirement set by the BSP by P70.093 billion.

                    [DatePublished] => 2004-10-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 226257
                    [Title] => Banks extend more loans to small enterprises
                    [Summary] => The banking system managed to extend more loans to small enterprise than required, with total loans amounting to P155.783 billion in the first quarter of the year, the Bangko Sentral ng Pilipinas (BSP) said.


Data from the BSP revealed that a total of P132.039 billion worth of direct loans were extended to small enterprises but banks still channeled about P16.397 billion worth of funds to alternative forms of compliance.


                    [DatePublished] => 2003-11-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 187334
                    [Title] => Chinatrust, SB Corp sign deal
                    [Summary] => Chinatrust (Phils.) Commercial Bank Corp., one of the country’s fastest growing banks signed recently a memorandum of understanding with Small Business Guarantee Fund Corp. (SB Corp.) to provide easy and quick access to credit by small and medium-scale enterprises.


Chinatrust has allocated P500 million in loans to small and medium-scale enterprises, in direct support of President Gloria Macapagal-Arroyo’s call to the private sector to immediately develop and implement loan programs that will provide the much-needed boost to the SME sector.


                    [DatePublished] => 2002-12-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 151305
                    [Title] => BAP, SBGFC to package loan program for SMEs
                    [Summary] => The Bankers Association of the Philippines (BAP) is set to sign an agreement with the Small Business Guarantee Fund Corp. (SBGFC) that will make it easier for small-and-medium scale enterprises (SMEs) to gain access to commercial bank loans.


The BAP’s move is in response to recent complaints the country’s 44 commercial banks’ interest charges, especially for SMEs, are at exorbitant rates, thus, effectively cutting them off from much-needed funds to sutain and expand their operations.


                    [DatePublished] => 2002-02-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

SMALL BUSINESS GUARANTEE FUND CORP

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                    [ArticleID] => 265814
                    [Title] => Banks lend P117B to small, medium firms
                    [Summary] => Banks have managed to extend more small enterprise loans than they were required during  the first  three months of the year, with total loan releases amounting to P133.041 billion  during the review period.


Under the law, banks are  required to set aside at least six percent of their net loan portfolio for small enterprises.  For the first three months of the year, the actual amount extended by the banking system, according to the BSP, represented a total of 12.68 percent of the net loan portfolio as banks outperformed the minimum requirement set by the BSP by P70.093 billion.

                    [DatePublished] => 2004-10-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 226257
                    [Title] => Banks extend more loans to small enterprises
                    [Summary] => The banking system managed to extend more loans to small enterprise than required, with total loans amounting to P155.783 billion in the first quarter of the year, the Bangko Sentral ng Pilipinas (BSP) said.


Data from the BSP revealed that a total of P132.039 billion worth of direct loans were extended to small enterprises but banks still channeled about P16.397 billion worth of funds to alternative forms of compliance.


                    [DatePublished] => 2003-11-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 187334
                    [Title] => Chinatrust, SB Corp sign deal
                    [Summary] => Chinatrust (Phils.) Commercial Bank Corp., one of the country’s fastest growing banks signed recently a memorandum of understanding with Small Business Guarantee Fund Corp. (SB Corp.) to provide easy and quick access to credit by small and medium-scale enterprises.


Chinatrust has allocated P500 million in loans to small and medium-scale enterprises, in direct support of President Gloria Macapagal-Arroyo’s call to the private sector to immediately develop and implement loan programs that will provide the much-needed boost to the SME sector.


                    [DatePublished] => 2002-12-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 151305
                    [Title] => BAP, SBGFC to package loan program for SMEs
                    [Summary] => The Bankers Association of the Philippines (BAP) is set to sign an agreement with the Small Business Guarantee Fund Corp. (SBGFC) that will make it easier for small-and-medium scale enterprises (SMEs) to gain access to commercial bank loans.


The BAP’s move is in response to recent complaints the country’s 44 commercial banks’ interest charges, especially for SMEs, are at exorbitant rates, thus, effectively cutting them off from much-needed funds to sutain and expand their operations.


                    [DatePublished] => 2002-02-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Banks lend P117B to small, medium firms

By Des Ferriols | October 11, 2004 - 12:00am

Banks have managed to extend more small enterprise loans than they were required during the first three months of the year, with total loan releases amounting to P133.041 billion during the review period. Under...

Business

Banks extend more loans to small enterprises

By Des Ferriols | November 1, 2003 - 12:00am

The banking system managed to extend more loans to small enterprise than required, with total loans amounting to P155.783 billion in the first quarter of the year, the Bangko Sentral ng Pilipinas (BSP) said. Data...

Business

Chinatrust, SB Corp sign deal

December 10, 2002 - 12:00am

Chinatrust (Phils.) Commercial Bank Corp., one of the country’s fastest growing banks signed recently a memorandum of understanding with Small Business Guarantee Fund Corp. (SB Corp.) to provide easy and quick...

Banking

BAP, SBGFC to package loan program for SMEs

By Rocel Felix | February 20, 2002 - 12:00am

The Bankers Association of the Philippines (BAP) is set to sign an agreement with the Small Business Guarantee Fund Corp. (SBGFC) that will make it easier for small-and-medium scale enterprises (SMEs) to gain access...

Business