{"id":237689,"date":"2019-11-18T17:33:55","date_gmt":"2019-11-18T22:33:55","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=237689"},"modified":"2025-01-29T14:40:44","modified_gmt":"2025-01-29T19:40:44","slug":"bpi-eyes-20-growth-of-sustainable-financing-loan","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/11\/18\/bpi-eyes-20-growth-of-sustainable-financing-loan\/","title":{"rendered":"BPI eyes 20% growth of sustainable financing loan"},"content":{"rendered":"
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FILE: BPI branch at Plaza Sta. Cruz, Carriedo, Manila which occupies the Don Roman Santos Building, former head office of Prudential Bank (Photo By noel Gonong (Wikipedia Takes Manila participant) – Uploaded from Wikipedia Takes Manila, CC BY-SA 3.0<\/a>)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— Officials of Ayala-led Bank of the Philippine Islands (BPI) aim to grow their sustainable financing loans by 20 percent from the current PHP130 billion by next year.<\/p>\n

During the launch of the bank\u2019s sustainable finance development program, BPI Business Banking head Junie Veloso said they want loans for sustainable projects to account for half of their loans book.<\/p>\n

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But Veloso said since sustainable projects are just starting, there are limited projects being submitted for financing.<\/p>\n

\u201cOur problem is less our desire to grow it but actually the availability of projects or financeable projects,\u201d he said.<\/p>\n

He added awareness on these kinds of projects is still low in the Philippines and in Asia compared to Europe.<\/p>\n

BPI Chief Financial Officer Maria Theresa Marcial said appreciation for this kind of project financing is low in the country since it is still new unlike in Europe where the demand is high.<\/p>\n

She said take-up on green bonds in Europe is at par as those with regular debt papers.<\/p>\n

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\u201cThere is a minimal distinction on whether we issue a green bond or not the regular securities,\u201d she added.<\/p>\n

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Marcial said it is not cheaper to issue a green bond compared to regular bonds since this entails a lot of framework and assessment of the projects.<\/p>\n

She, however, is optimistic that local investors will eventually embrace sustainable financing as investors become more knowledgeable on this topic.<\/p>\n

Jo Ann Eala, BPI Vice President for Sustainable Energy Finance, said companies are increasingly becoming more aware of green financing as regulators push for this.<\/p>\n

\u201cIt does help a lot that you have a central bank and a SEC (Securities and Exchange Commission) that are engaged in sustainability,\u201d she added.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— Officials of Ayala-led Bank of the Philippine Islands (BPI) aim to grow their sustainable financing loans by 20 percent …<\/p>\n","protected":false},"author":44,"featured_media":235246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-237689","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/237689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=237689"}],"version-history":[{"count":2,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/237689\/revisions"}],"predecessor-version":[{"id":286808,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/237689\/revisions\/286808"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/235246"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=237689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=237689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=237689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}