The Bangko Sentral ng Pilipinas (BSP) will be unwinding the temporary regulatory relief measure allowing banks to utilize peso-denominated loans to micro-, small- and medium- enterprises (MSMEs) and large enterprises (LEs). Know more:
THE Bangko Sentral ng Pilipinas will be unwinding the temporary regulatory relief measure allowing banks to utilize peso-denominated loans to micro-, small- and medium- enterprises and large enterprises .
With this, BSP said universal and commercial banks will no longer be allowed to use MSME and LE loans as alternative compliance with the RR. However, thrift, rural and cooperative banks shall be allowed to utilize their outstanding MSME and LE loans as alternative mode of compliance with the RR until such loans are fully paid, until and not later than 31 December 2025.
Further, new MSME and LE loans that are granted by banks after the expiry of the relief measure shall not be eligible as alternative compliance with the RR.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Globe Business Saludo MSMEs 2023 ignites Retail Revolution | BMPlusGlobe Business is holding a two-day Retail Revolution on June 27 and 28 at the SM Megamall Atrium Activity Center to stimulate dialogue on the future of retail in a tech-enabled world. The event reinforces the brand’s commitment as a trusted partner of Micro, Small, and Medium Enterprises (MSMEs), in…
Baca lebih lajut »
Rate hikes pushed up NPL, but ratios now declining—think tank | Cai U. OrdinarioTHE aggressive rate hikes implemented by the Bangko Sentral ng Pilipinas (BSP) caused the nonperforming loan (NPL) ratios in the country to increase, according to Oxford Economics. In an economic brief, Oxford Economics said this is a concern given that with higher interest rates and many of the pandemic-related loans…
Baca lebih lajut »
PAGASA: At least 3 cyclones expected to enter PAR in JulyThe state weather bureau says at least three tropical cyclones are expected to enter the country's area of responsibility next month.
Baca lebih lajut »
ABS-CBN and TV5 enter into five-year content deal to ‘strengthen their partnership’The new contract enables the two media companies “to continue providing top-rated programs during the weekday and weekend primetime slots.' | via philstarlife
Baca lebih lajut »
PAGASA: Up to 14 tropical cyclones may still enter PAR this yearEleven to 14 tropical cyclones are still expected to enter the Philippine Area of Responsibility (PAR) from July until the end of the year, state weather bureau PAGASA said Tuesday.
Baca lebih lajut »
Russian ships enter Philippine Sea —InterfaxA detachment of ships of the Russian Pacific Fleet entered the southern parts of the Philippine Sea to perform tasks as part of a long-range sea passage, Russia&39;s Interfax news agency reported on Tuesday.
Baca lebih lajut »