Consumer Lending Seen to Sustain Momentum - BusinessWorld Online

Consumer lending seen to sustain momentum - BusinessWorld Online

CONSUMER LENDING in the Philippines is expected to sustain its growth momentum as easing inflation continues to boost economic activity, according to global information and insights company TransUnion. “Lower inflation is creating a more supportive environment for consumer credit growth. We expect to see stronger repayment capacity among existing borrowers and higher demand among new-to-credit consumers, particularly in the small-ticket and revo…

Philippine Credit Market poised for further growth as consumer confidence grows

Peter Faulhaber, TransUnion Philippines president and CEO MANILA, Philippines – Global information and insights company and the Philippines’ first comprehensive private credit reference agency, TransUnion (NYSE: TRU), projects sustained momentum in the Philippine consumer credit market, driven by a resilient macroeconomic backdrop and robust household consumption. As inflation eases and retail activity picks up, both lenders and borrowers are po…