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BPI expects profit rebound this semester
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BusinessWorld Online
BANK of the Philippine Islands (BPI) expects its profit growth to rebound this semester, supported by the sustained expansion of its corporate loan book to offset pressures faced by its consumer and small business lending segments.
“Typically, in any given year, we tend to see the second half perform a little better than the first half.
And so, we think there’s good reason for us to expect that we can see a little better performance in the second half versus, effectively, the annualized second quarter.
Still, he said they expect steady loan growth as companies still have projects in their pipeline that need financing.
And then, as this lingered during the first quarter going to the second quarter of this year, construction exposures continued to increase.