DBP and the Philippine Bank of Communications (PBCOM) recently signed a P200-million revolving credit line agreement to further support the SME sector.
The credit line will be used for relending to eligible sub-borrowers or investment enterprises for livelihood projects. It is foreseen to help bring inclusive growth by supporting the SME sector, which comprises most of the registered businesses and accounts for the biggest employment share in the country.
PBCOM is a publicly listed domestic commercial bank incorporated on August 23, 1939. It is currently the 19th largest bank in the country by assets with a distribution network of 85 branches and 141 automated teller machines nationwide.