SBP increases SME financing limits
MG News | October 08, 2024 at 11:34 AM GMT+05:00
October 08, 2024 (MLN): To further facilitate the promotion of small and medium-sized enterprise (SME) financing, the central bank has increased the exposure limits to Rs100 million for small enterprises (SE) and Rs500m for medium enterprises (ME) from a single bank or development finance institution (DFI),or from all banks and DFIs.
Banks & DFIs are allowed to deduct the liquid assets (encashment value of bank deposits, certificates of deposit/ investment, Pakistan Investment Bonds, Treasury Bills, and National Saving Scheme Securities) held under their perfected lien for the purpose of calculation of per party exposure limit, said a circular issued by the central bank.
These changes are applicable with immediate effect. The State Bank pf Pakistan (SBP) has advised Banks and DFIs to ensure meticulous compliance.
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