THE BANGKO SENTRAL ng Pilipinas (BSP) has approved a circular requiring fi nancial institutions to use a standard business loan application form (SBLAF) to make credit more accessible for small ...

If approved, the new rules will cover BSP-supervised entities offering business loans to MSMEs, namely banks and their subsidiary or affiliate financing and leasing companies, government nonbank ...

Diokno noted that the development of a standard business loan application form will enable the banking industry to meet MSMEs’ preference for borrower-friendly and simplified processes. Also, the ...

The BSP has also prohibited “unsolicited calls by credit card issuers requesting updated information from selected clients in order to be entitled to receive credit card as a reward for his/her ...