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DBS approves over 3,500 loans worth more than S$1.1b for micro, small enterprises

Bank working with key stakeholders to ensure working capital support reaches the most challenged of them

Claudia Chong

Published Mon, May 25, 2020 · 09:50 PM

Singapore

DBS has approved over 3,500 loans for micro and small enterprises, totalling more than S$1.1 billion, under Enterprise Singapore's financing schemes.

The loans account for eight in 10 of all government-assisted small and medium enterprise (SME) loans that the bank has approved between the start of March 2020 and mid-May 2020.

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Loans

Singapore SMEs

Covid-19

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Companies & Markets

Companies & Markets

DBS approves over 3,500 loans worth more than S$1.1b for micro, small enterprises

Claudia Chong

KEYWORDS IN THIS ARTICLE

Companies & Markets

Coca-Cola raises annual organic sales forecast on global demand, higher prices

No extension to 6-month pause on DBS’ non-essential activities, but 1.8 times multiplier stays

CSE Global records S$186.2 million in Q1 new orders, up 16.7%

HSBC CEO to retire; bank reports 1.7% lower Q1 profit of US$10.8 billion

Huawei profit surges 564% as it eclipses Apple in China

Singapore stocks rise, tracking regional bourses; STI up 0.3%

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