Similarly, the weighted average interest rate of loans to corporations fell to 4.9 percent as of endJune 2021 from 5.9 percent as of end-March 2020. The BSP’s liquidity measures were complemented by a package of prudential reforms that aim to support lending and the grant of financial relief to borrowers.
For instance a) The Single Borrower’s Limit of banks or SBL was temporarily increased to 30 percent from 25 percent until end December 2021. The increase aims to promote the flow of liquidity at the wholesale level and ensure sustained credit towards programs and projects that will support economic recovery.