Try GOLD - Free
Bank lending to MSMEs still short of mandated level
The Philippine Star
|September 12, 2025
Bank lending to micro, small and medium enterprises (MSMEs) continued to grow in the first half, but remained far below the mandated threshold set under the Magna Carta for small and medium firms.
Data from the Bangko Sentral ng Pilipinas showed that loans extended to MSMEs rose by 10.8 percent to P540.92 billion as of end-June from P488.13 billion a year earlier.
Despite the increase, the banking sector's overall compliance ratio stood at only 4.59 percent, less than half of the 10-percent quota required under Republic Act 6977, as amended by RA 8289 and RA 9501.
The law requires banks to set aside eight percent of their loan portfolio for micro and small enterprises as well as two percent for medium firms.
This story is from the September 12, 2025 edition of The Philippine Star.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Philippine Star
The Philippine Star
LESSONS EMMAN LEFT BEHIND
AT THE WAKE OF EMMAN ATIENZA, Gretchen Fullido and Kuya Kim's brother, Ali Atienza, were the ones taking charge. Emman was like a baby sister to Gretchen. The gorgeous news anchor hopes that Emman visits her in her dreams soon.
4 mins
November 06, 2025
The Philippine Star
horoscope
ARIES (March 21-April 19). Phrases like “self-care,” “manifest abundance” or “be mindful” lose potency from overuse, and you're right to be desensitized to anything that doesn't work for you. A disruption will wake your mind back up and let real insight in again.
2 mins
November 06, 2025
The Philippine Star
Climate change nonsense?
On Oct.28, 2025, Bill Gates had an epiphany. Humanity will not be wiped out by climate change. Diseases and poverty will do it.
4 mins
November 06, 2025
The Philippine Star
SEC: Beware of entities naming BSP, legitimate companies for scams
The Securities and Exchange Commission (SEC) is warning the public against entities misusing the names of the Bangko Sentral ng Pilipinas (BSP) and legitimate companies in connection with advance fee scams.
1 mins
November 06, 2025
The Philippine Star
DSWD allocates P69.45 M for Tino-hit families
The Department of Social Welfare and Development (DSWD) has provided over P69.45 million worth of humanitarian aid to families affected by Typhoon Tino in the Visayas and Mindanao, an official reported yesterday.
1 mins
November 06, 2025
The Philippine Star
Only 2 of 10 Pinoys have enough emergency funds — study
Only two out of 10 Filipinos have emergency funds good for over three months, according to a study.
1 min
November 06, 2025
The Philippine Star
Homegrown resto chain cooks up expansion plans
This is truly the moment for The Moment Group, as the food and beverage company behind Manam, 8Cuts Burgers and Ooma has found the recipe for success and is now cooking up plans for strategic expansion both here and abroad.
2 mins
November 06, 2025
The Philippine Star
PSEi plunges to 3-year low
Market woes continued to mount, with the Philippine Stock Exchange index (PSEi) plummeting to its lowest level in more than three years.
1 min
November 06, 2025
The Philippine Star
Sotto eyes meet with Martin on Blue Ribbon probe
Senate President Vicente Sotto Ill is planning to meet with former speaker Martin Romualdez about the plan to invite him to the next Blue Ribbon committee hearing on the flood control mess.
1 min
November 06, 2025
The Philippine Star
To be a pilgrim
Why do we go on a pilgrimage? What moves us? How do we prepare? How would it be like to see friends again after all these years? What awaits us at our destination?
4 mins
November 06, 2025
Listen
Translate
Change font size