BPI on track to hit P1T in sustainability loans - BusinessWorld Online

BPI nears P1 trillion in booked ‘green’ loans

MANILA, Philippines — Bank of the Philippine Islands (BPI) may see P1 trillion in sustainability-linked loan issuances earlier than expected. The Ayala group’s banking unit cited strong demand for so-called green debt, particularly for renewable energy projects. Eric Luchangco, BPI chief financial officer (CFO), said on Thursday their sustainability loan book had reached P900 billion

BPI on track to hit P1T in sustainability loans - BusinessWorld Online

BANK of the Philippine Islands (BPI) is on track to hit its target of P1 trillion in sustainability-linked loans by 2026. “We’re well on that [path],” BPI Chief Sustainability Officer and Chief Financial Officer Eric M. Luchangco told a news briefing on Thursday, referring to the goal that the lender set in 2021. BPI’s sustainability-linked loans had reached almost P900 billion as of the first quarter, he added. That means more than a third of t…