, Singapore
163 views

MAS extends facility to support bank lending to SMEs

This is to complement Enterprise Singapore’s temporary bridging loan programme for SMEs.

The Monetary Authority of Singapore (MAS) has further extended the MAS SGD Facility for ESG loans from 1 April to 30 September 2022.

This is to complement Enterprise Singapore’s (ESG) Temporary Bridging Loan Programme (TBLP), which was first introduced in March 2020 to help companies, particularly, small and medium enterprises (SMEs), access working capital during the pandemic.

A revised interest rate of 0.5% per annum will apply for funding provided from the May 2022 application window onwards, to better reflect interest rates in Singapore.

The facility will continue to provide Singapore Dollar (SGD) funding to eligible financial institutions (FIs) for a two-year tenor, according to MAS.

The facility has been extended twice since its first introduction in 2020, first in October of the same year and in July 2021. Since then, the facility has disbursed a total of S$14.2b to eligible FIs in support of their lending to companies under Enterprise Singapore’s loan schemes.
 
ESG’s Temporary Bridging Loan Programme has also been extended twice, first in October 2020, and in July 2021.

Follow the links for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Event News

Event News

BDO Capital Named as PH’s Corporate and Investment Bank of the Year for 5 Consecutive Years Co-Written / Partner
BDO Capital & Investment Corporation (BDO Capital) has been recognized as the country’s Corporate and Investment Bank of the year for the 5th straight year at the Asian Banking & Finance Awards. BDO Capital’s remarkable achievement is a testament to its consistent excellence in delivering best-in-class investment banking services across various product lines in the Philippine capital markets.