The SME Speaker Series was a Planters Development Bank event promoted by PRWorks.
A BANK that caters to the needs of small and medium enterprises (SMEs) launched in Cebu a series of symposium as part of its commitment to uplift the status of the country’s SMEs, particularly those in the export sector.
Ambassador Jesus Tambunting, also chief executive officer of Planters Development Bank (Planters Bank), said the bank has decided to have the first of five SME speaker series in Cebu since most of the world-class exporters come from the province.
“We believe that Cebu is the center of excellence for export,” Tambunting said during an interview.
Being a choice bank for SMEs, Tambunting said that Planters Bank has already released P1.4 billion in loans to SMEs in the Visayas. Another P3.8 billion was availed of by SMEs in Mindanao.
One of the things that they looked into to attract SMEs is to simplify the paperwork needed for loan applications. The current processing time for loans from the point of application to the release of loan proceeds would take about two to three weeks.
Continue reading ‘Bank conducts forum to help local SMEs grow businesses’
Filed under: News , Cebu, Planters Bank, Planters Development Bank, Small and Medium Enterprises, SME speaker series, SMEs
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