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BPI sees robust growth this year
The Philippine Star
|January 14, 2025
Ayala-led Bank of the Philippine Islands (BPI) expects a stronger revenue performance in 2025, with a budget targeting double-digit growth, driven by robust economic prospects and strategic investments.
BPI president and CEO Jose Teodoro Limcaoco told reporters during the 2025 Annual Reception for the Banking Community Friday evening that the bank is targeting higher growth compared to last year but declined to disclose specific revenue projections.
He said that BPI remains optimistic about the country's economic landscape, citing robust growth in key sectors such as logistics and domestic tourism, trade and imports as well as consumer lending.
"I think the economy will grow robustly this year," Limcaoco said. "We're focused on certain industries that I believe will do very well. Logistics, domestic tourism and trade importers will do well this year."
He also said that BPI's strategy of transforming its loan portfolio toward consumer loans is yielding results, with consumer lending outpacing institutional growth.
This story is from the January 14, 2025 edition of The Philippine Star.
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