Is your bank friendly to small businesses? Is it offering small business loans?
The answer is in how they complied with the Magna Carta for Micro, Small and Medium Enterprises. Under this Republic Act, banks are required until June 2018 to lend at least 8% to micro and small businesses and at least 2% to medium-sized businesses. 8 percent and 2 percent of what? The total loans declared on the previous quarter’s balance sheet.
The following banks complied with the Magna Carta requirement, and a number of them provided more small business loans than what is required. Data is sourced from published balance sheets as of December 2010.
Here’s a ranking of banks in terms of their provisions of loans to micro, small and medium-sized businesses:
(Percent of loans given to small businesses is computed in reference to total loans provided in the previous quarter.)
| Rank | Bank | Percent of Loans to | Percent of Loans to |
| Micro and Small | Medium | ||
| Businesses | Enterprises | ||
| 1 | DBP | 8.53 | 18.75 |
| 2 | PBCOM | 6.94 | 20.24 |
| 3 | UCPB | 7.39 | 18.34 |
| 4 | BPI | 10.14 | 12.14 |
| 5 | China Bank | 10.11 | 11.93 |
| 6 | Allied Bank | 9.38 | 12.6 |
| 7 | Asia United | 8.48 | 11.28 |
| 8 | Mega International | 10.35 | 8.07 |
| Commercial Bank Co. | |||
| 9 | Veterans Bank | 8.25 | 9.95 |
| 10 | Landbank | 10.34 | 7.80 |
| 11 | Metrobank | 8.02 | 8.16 |
| 12 | Bancom | 9.28 | 5.82 |
| 13 | Korea Exchange Bank | 11.45 | 2.86 |
| 14 | Bank of Tokyo | 10.62 | 3.00 |
| 15 | Bangkok Bank | 8.17 | 5.07 |
| 16 | Security Bank | 2.84 | 9.60 |
| 17 | RCBC | 8.16 | 3.75 |
| 18 | Union Bank | 7.41 | 4.26 |
| 19 | Bank of China | 8.64 | 2.16 |
| 20 | Philtrust | 8.09 | 2.22 |
| 21 | PNB | 8.15 | 2.10 |
| 22 | Citibank | 0.12 | 9.49 |
| 23 | BDO | 3.71 | 4.68 |
| 24 | East West Bank | 4.41 | 3.93 |
| 25 | Export & Industry Bank | 3.28 | 3.57 |
| 26 | China Trust | 1.78 | 4.98 |
| 27 | Maybank | 1.97 | 4.79 |
| 28 | ANZ Banking Group Ltd. | 0.00 | 3.63 |
| 29 | HSBC | 0.00 | 0.07 |
| 30 | Standard Chartered | 0.00 | 0.04 |
Related Articles:
Top 20 Banks in the Philippines Based on Assets Dec 2010
Top 20 Banks in the Philippines Based on Deposits Dec 2010
Savings Accounts in the Philippines with the Lowest Maintaining Balances
Savings Accounts for OFW Remittances
Wisconsin Mortgage Corporation has been providing quality home loans across Wisconsin.Meet our loan officers. Please choose the loan officer that you were referred to view their personal page and apply online.Wisconsin Mortgage Each loan officer's page includes the following services.
When Only the Best Loan will Do.We believe small business’s should flourish and prosper We are passionate about helping small business owners access the money they need to grow or manage their cash flow So we have taken the work out of getting a business loan And selected the best business loans in the market place for youquick business loans
You have made some decent points there. I checked on the web to find out more about the issue and found most individuals will go along with your views on this site. unsecured capital in denver
Good posting and very nice article, and this site give a interesting information..thanks for sharing. http://fastcashloansrater.com/need-money/
Your website is really cool and this is a great inspiring article.
ids
Great post
It is much better to get proficient counsel on the best way to manage your budgetary issues. The primary thing that a qualified business obligation advisor will need to know is the sort of loan and financial obligations commitments make up the whole circumstance. I find this http://b7y.us/SmallBizLoanHOW2 this very good website for the small business loan. If you interested please visit this site.
Extremely helpful post. This is my first time i visit here. I discovered such a large number of intriguing stuff in your blog particularly its exchange. Truly its extraordinary article. Keep it up. payday loan in waco texas