BPI projects slower consumer lending growth of 10-15% in 2026

Bank of the Philippine Islands (BPI) anticipates a slowdown in its consumer lending growth for 2026, projecting a 10% to 15% expansion, a decrease from its current 28% growth rate.

This revised outlook stems from a weaker economic environment and potential geopolitical risks that are expected to dampen consumer demand.

BPI's Consumer Banking head, Maria Cristina Go, expressed that the bank's growth projections had to be adjusted due to the recent lower-than-expected Gross Domestic Product (GDP) growth.

The Philippine economy grew by only 4% in the third quarter, marking the slowest pace in over four years and falling short of the government's full-year target.

Despite the cautious stance, BPI remains optimistic about its future performance.

The bank's significant growth this year was fueled by loans for homes, automobiles, motorcycles, and teachers, with a notable contribution from the acquisition of Robinsons Bank Corp.

Additionally, BPI saw strong momentum in its credit card, personal, and business banking loan segments, with lending to micro, small, and medium enterprises exceeding its target by P20 billion.