INQUIRER.net: To help spur agriculture, Bangko Sentral relaxes rules on lending

INQUIRER.net Philippine News for Filipinos

To help spur agriculture, Bangko Sentral relaxes rules on lending Nov 8th 2013, 00:05 MANILA, Philippines—The Bangko Sentral ng Pilipinas (BSP) has relaxed rules for banks that lend to farmers to help spur growth of the agriculture sector.   In a Circular No. 817 published Thursday, the BSP said it had eased capitalization requirements for banks that offer micro-agri loans.   At the same time, the BSP also told banks to come up with well-defined policies covering micro-agri products to ensure "that details of the program can be communicated clearly to clients."   Under the new rules, the provision that required banks to maintain a capital adequacy ratio (CAR) of 12 percent was deleted. The provision that limits micro-agri lending to ... Keep on reading: To help spur agriculture, Bangko Sentral relaxes rules on lending Media files: quezon-rice-harvest.jpg (image/jpeg)

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