In fact, our latest data indicate that for the first time consolidated bank deposits of microentrepreneurs at over P8 billion have now exceeded their total bank loans.
If they fail to obtain sufficient funds, financial markets could destabilize due to heightened uncertainty, which could eventually adversely affect economic activity.3 To prevent such a situation, the Bank has been providing ample liquidity since immediately after the earthquake, striving to ensure financial market stability by maintaining a sense of security on the funding front, and trying to avoid adverse effects on corporate activity and people’s daily lives from the financial side.