Metropolitan Bank & Trust Co. (Metrobank) has set a target of 15% loan growth this year primarily due to robust consumer demand amid low interest rates.
According to Metrobank Head of Strategic Planning Division Jette Gamboa, they are expecting that the economy to grow at 6% so the bank’s loan growth will be 15% this year.
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Metrobank-owned Philippine Savings Bank (PSB) is anticipating a 15% increase in net income this year on the back of increased lending.
According to PSB President Pascual M. Garcia III, growth in the bank’s consumer loans, particularly in auto and mortgage loans, would allow the bank to reach its target for 2013.
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Gokongwei-led Robinsons Land Corp (RLC) is looking to launch four new malls in 2013 to add to its growing portfolio in the Philippines.
These will be located in Malolos, Bulacan; Santiago, Isabela; Roxas City and Butuan and will all be formally launched on March 11.
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