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DBP loans to MSMEs reach P13 billion in first half — Finance

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THE DEVELOPMENT Bank of the Philippines has provided P13 billion worth of loans to micro, small, and medium enterprises (MSMEs) in the first semester, the Department of Finance (DoF) said.

“The Development Bank of the Philippines, for its part, has also provided funding support for MSMEs. As of June this year, the DBP has extended P13 billion in loans to small enterprises,” Finance Secretary Carlos G. Dominguez III was quoted in a statement as saying.

“The DBP will likewise open additional Lending Centers to be closer to its clients, partnering with microfinance institutions and cooperatives to support small businesses.”

“The government is fully committed to fostering the growth of our small businesses. We are eager to listen to feedback from groups like this one to further improve on the policy reforms already done,” the Finance chief said. — Elijah Joseph C. Tubayan

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