Philippines extends incentives for sustainable lending
BSP says banks can have up to 40% credit exposure for green projects for another two years
The Central Bank of the Philippines (BSP) has extended a scheme to allow banks to offer larger loans to entities borrowing to fund sustainable projects.
In a statement on January 12, the monetary authority said banks could still exceed its 25% single borrower limit by 15 percentage points for any single borrower if the lending was related to sustainable projects.
The BSP said it would also continue to allow banks to lend all the funds they raised from sustainable bond sales – an exemption from the
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