Feb 28, 1998, 12:01 AM
News Code: 9121019
0 Persons
rates interest high on banks at lashes dof (dof) finance of department the -- irna-pna-oana 28, .feb manila, of lack their to owing banks commercial country's the at lashed today prime the reduce to public the of call the to responding in concern to citizens ordinary and entrepreneurs the for order in rates lending .pockets the to affordable are that loans of avail of light in views his echoed enriquez salvador secretary finance this in entities business only the are banks commercial that reports the of expense the at profits of sums huge in raking are that country .money depositors' country, the in corporations top 1,000 the of that said enriquez big of earnings the surpasses banks of income combined the nestle' purefoods, corporation, miguel san like firms manufacturing current the survive to manage banks many result, a as .others and the from profits much so get they because competition economic .explained he loans, on rates interest high of imposition government the that sectors some by accusations discounted also he as concerned is rate interest the as far so in example the setting is bills treasury for rates interest of level the dictating one the is it .market the in fixed a as government the by used being are bills treasury government's the of favor in money borrow to intends it if guarantee .interests pna/jh end