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[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
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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.
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abtest
March 28, 2006 - 12:00am
Recommended
The Senate majority is preparing to file a resolution condemning the recent “hostile” and “threatening” remarks of Chinese Ambassador Jing Quan, with Sen. JV Ejercito calling for the envoy’s immediate replacement.
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The Senate will extend parliamentary courtesy to Vice President Sara Duterte and objectively evaluate her office’s proposed budget when it undergoes budget briefing before the chamber tomorrow, Sen. JV Ejercito said yesterday.
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Business group Makati Business Club (MBC) has expressed support for concluding the impeachment trial of Vice President Sara Duterte within the year to allow the Senate to thoroughly review the budget that will support economic growth next year.
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Documentary and testimonial evidence against Vice President Sara Duterte on the three impeachment charges House prosecutors have dropped will be turned over to the ombudsman for possible prosecution of criminal offenses.
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President Marcos has his hands full and is simply beyond comparison with Vice President Sara Duterte, who is just waiting for the former to be incapacitated, for her to take over the reins of government, a former congressman said over the weekend.
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