We counted loans to micro, small, and medium enterprises as compliance to the reserve requirement, increased the single borrower’s limit, and raised the ceiling for real-estate loans. On MSMEs: The BSP recognizes the crucial role of MSMEs in the economy. Let me discuss the regulatory and relief measures that the BSP has implemented to support them.
One is allowing the new peso-denominated loans to MSMEs and critically impacted large enterprises that do not belong to a conglomerate as eligible instruments for compliance with the BSP’s reserve requirement. For the week ending 23 September 2021, the banking system allocated an average of P195.9 billion loans for MSMEs as alternative compliance with the reserve requirements.