BPI Family extends loan exposure to small firms

Customised business package by thrift bank aimed to support growth of micro and small businesses.

BPI Family Savings Bank, the country’s largest thrift bank, is increasing its loan exposure to micro and small enterprises through a customised business package to be rolled out in partnership with the Philippine Center for Entrepreneurship, which spearheads the Go Negosyo campaign.

This is part of the Bank of the Philippine Islands' strategy to break into the broader market segment, hoping eventually to generate half of its business from lending to the small and medium enterprise (SME) and consumer sectors.

At present, about P130 billion ($2.83 billion) or 39 percent of the Bank of the Philippine Islands' total loan portfolio is devoted to these sectors, BPI president Aurelio Montinola III told reporters during the program launch Friday.

The BPI Family Ka-Negosyo business program offers a comprehensive line of products and services anchored on business loans customised according to the client’s financing requirement and budget.

Go Negosyo founding trustee Jose Ma. Concepcion III said his organisation would help hook up BPI Family with potential borrowers through its seminars and caravans.

View the full story in the Philippine Daily Inquirer.