• The Monetary Board (MB) has temporarily allowed extra lending capability for banks as well as reduced the reserve requirement rate on sustainable bonds issued by them, as part of efforts to mainstream sustainable finance.
• Through these, banks are allowed to extend loans for eligible green or sustainable projects or activities with a top-up 15 percent single borrower’s limit (SBL).
• Eligible projects or activities must meet any of the principles or eligible categories of projects as laid out in the 2022 Strategic Investment Priority Plan on Green Ecosystems, Health and Food Security or in the national government’s Sustainable Finance Framework.

https://business.inquirer.net/437566/mb-grants-perks-for-banks-to-fund-more-green-projects#ixzz8MC9AlfZZ