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[ArticleID] => 328539
[Title] => Malayan Bank starts microfinance lending
[Summary] => Malayan Bank is pouring in more funds for its microfinance business this year in a bid to join the major players in the thrift and savings banking system.
Malayan Bank senior vice president Philip Madrigal said they intend to allot about 30 percent of its total loan portfolio or some P100 million for microfinance-related ventures.
Madrigal said the bank is new in this business, joining the bandwagon of banks offering microfinance loans only last year.
[DatePublished] => 2006-03-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
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MAJALCO GROUP
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[ArticleID] => 328539
[Title] => Malayan Bank starts microfinance lending
[Summary] => Malayan Bank is pouring in more funds for its microfinance business this year in a bid to join the major players in the thrift and savings banking system.
Malayan Bank senior vice president Philip Madrigal said they intend to allot about 30 percent of its total loan portfolio or some P100 million for microfinance-related ventures.
Madrigal said the bank is new in this business, joining the bandwagon of banks offering microfinance loans only last year.
[DatePublished] => 2006-03-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
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abtest
March 28, 2006 - 12:00am
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