BANKS TIGHTEN LENDING TO HOUSEHOLDS WHEN AFFORDABLE CREDIT IS NEEDED TO SURVIVE THE PANDEMIC
Bakit kung kailan mas kailangan ng pamilyang Pilipino ng tulong pinansyal ngayong pandemic, ngayon pa sobrang naghihigpit ang mga bangko sa pagpapautang?
“Loans to households grew at a slower pace of 17.3 percent in July from 27.0 percent (revised) in June following the further slowdown in credit card, motor vehicle, and salary-based general purpose consumption loans," ayon sa Bangko Sentral ng Pilipinas sa latest nitong ulat ukol sa bank lending nitong nakaraang Hulyo.
Where are measures meant to ease the financial burdens of lower to upper middle class families?
This was among the mandates to the financial institutions in the Bayanihan Act 1.
Where are the loan payments restructuring? Where are the microfinance loans?
Now is the time for affordable credit to flow to pandemic and lockdown affected households and companies. Now, not later. (END)
Reference: BANGKO SENTRAL NG PILIPINAS http://www.bsp.gov.ph/publications/media.asp?id=5450
