Record Car Sales Boost Loan Business

The record new vehicle sales reported in the Philippines in 2010 had a knock-on effect for the finance segment, mirroring a trend seen elsewhere in the ASEAN region. Data from the Bangko Sentral ng Pilipinas (BSP) shows total vehicle loans for the year were up 25% year-on-year (y-o-y) to PHP117.8bn, compared with PHP94.6bn in

To read the full article, please choose one of the following options: