BPI enjoys 37% growth in loan releases

MANILA: The Bank of the Philippine Islands (BPI) experienced a 37% growth in retail loan releases in 2024.

In a statement, the financing institution shared that its last year’s performance — which grew its overall portfolio to more than P300 billion — showcases its “continued commitment to providing accessible, affordable, and customer-centric financing solutions to Filipinos nationwide.”

Such an accomplishment is reflected across its core loan offerings:

Type of loan	Loan release growth (in percentage	Portfolio growth
Car loan	25	27
Motorcycle loan	22	19

Meanwhile, its Housing Loans displayed the highest growth with releases up by 45 percent, nearly doubling the industry’s growth rate of 8.1 percent.

“The robust performance across all our product lines highlights the continued trust our customers place in BPI as a financial partner. We are proud to offer them not just loans, but solutions that empower them to achieve long-term financial security and success. This relentless focus on customer satisfaction has been a driving force behind our continued growth in an increasingly competitive market,” Head of BPI Retail Loans Group Dexter Lloyd Cuajotor said.

He also attributed the company’s success to its core pillars “trust, ease, and accessibility.”

“BPI is continuously striving to make the loan application process as straightforward as possible and make it more accessible and convenient for our customers,” he added.

The company noted that its more than 800-strong branch network, user-friendly digital platform, and collaborations with dealers, distributors, brokers, developers and online marketplaces have also made it easier for customers to apply for loans.

It also has the BPI Loans Marketplace that streamlines loan-buying processes.

Further, the BPI Retail Loans Group also offers comprehensive life and non-life insurance bundles.

“We have embarked on a customer-first Phygital transformation that integrates the expanse of our physical branch network with the power of our digital and virtual capabilities. This strategy is anchored on empowering our customers’ dreams and enabling their jobs-to-be-done by re-designing the end-to-end customer journey.  Our partnerships with real estate developers and brokers and vehicle manufacturers and dealers are integral to making this happen,” BPI Head of Consumer Banking Maria Cristina Go, for her part, said.

BPI honors partners at 6th Padayon Awards

Recently BPI recognized its outstanding retail loans partners at the 6th Padayon Awards. Organized by the Retail Loans Group, the annual event recognized the role of these collaborators in helping Filipinos achieve their dreams.

This year, the awards expanded to include partners from the motorcycle industry and highlighted the bank’s sustainability-focused products: MyBahay (the first 30-year term affordable housing program offered by a commercial bank); MyKotse (which extends car loan terms up to six-seven years); and Green Solutions (which provides financing for electric and hybrid vehicles).

"We’ve always been moving, transforming and responding to the changing needs of our customers and shifting market dynamics. This is the Padayon spirit, a vibrant expression of our strong conviction to face the future with hope and optimism because of our confidence that, 'We Go Together',” Go mentioned.

Companies and individuals received the following honors at the said event themed “We Go Together”:

• DMCI Project Developers Incorporated: Top National Developer-Production (Developers)
• Gateway Group: Top Dealer Group Nationwide (Manufacturers and Dealers)
• Toyota Bacoor Cavite Incorporated: Top Dealer Branch Nationwide (Manufacturers and Dealers)
• Premiumbikes-Sapang Palay: Top Dealer Branch Nationwide (Motorcycle) 
• Jojo Taming: Top Loan Referrer Nationwide 2024 (Brokers)
• Adrian Gueverra: Top ROPA Nationwide (Motorcycle)

Also read:

BPI Loans Marketplace offers auto loan terms of up to 84 months

BPI's 'Best Deal Fest' offers promos on auto, housing loans

Auto loan customers can get usable incentives in BPI Flex-Rewards promo