BSP drafts rules to implement credit quota for innovation
THE BANGKO SENTRAL ng Pilipinas (BSP) has released draft implementing rules for a law mandating that banks allocate 4% of their loanable funds for innovation development, identifying qualified borrowers as well as several modes of compliance. “The Bangko Sentral recognizes that innovation plays a vital role in driving inclusive development and promoting the growth and […]
T. Kauer 
THE BANGKO SENTRAL ng Pilipinas (BSP) has released draft implementing rules for a law mandating that banks allocate 4% of their loanable funds for innovation development, identifying qualified borrowers as well as several modes of compliance. “The Bangko Sentral recognizes that innovation plays a vital role in driving inclusive development and promoting the growth and […]
