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BPI Expects More Car Loans Despite Fuel Crisis
Published on 1 Apr, 2011 at 21:47 in Philippine Auto News, Traffic, Fuel, Infrastructure | | No Comments
Despite the continued rise in fuel prices, the Bank of the Philippine Islands (BPI) said auto loan applications and releases in the country made record-breaking sales last year.
The bank expects to end the year with double-digit growth in their auto loans, said David G. Sarmiento, BPI Family Savings Bank senior vice president for auto and motorcycle loans…
Tight Car Financing Seen in 2009
Published on 30 Dec, 2008 at 21:42 in Philippine Auto News | | No Comments
The global financial meltdown is expected to affect significantly the sales of entry-level vehicles, bulk of which are financed by bank loans.
“The impact of the crisis is on the entry-level vehicles because banks are already starting to implement more stringent rules in car financing,” Froilan Dytianquin, assistant vice president for marketing of Mitsubishi Motors Philippines…
Car Loans Rise as Philippine Auto Industry Grows
Published on 26 Oct, 2008 at 15:52 in Philippine Auto News | | No Comments
Car loans climbed in June as the local automotive industry continued posting sales growth amid the perceived economic downturn.
Data from the central bank showed that automobile loans (ALs) stood at P79.1 billion as of end-June, 3.3 percent higher than the loans extended for car purchases at the end of the first quarter….
