Bank of the Philippine Islands (BPI) remains bullish of the lending business to micro, small and medium enterprises (MSMEs) this year despite the heavy blow of the pandemic on the operations of the sector.
“(Our MSME) portfolio is performing quite well and we look to growing the business with many areas moving to Alert Level 1,” said Eric Luchangco, head of Business Banking at BPI, in a press conference on the recently launched BPI BizKo.
Luchangco acknowledged the pandemic made running a business even more challenging for MSMEs.
“We launched BPI BizKo to make business transactions more seamless and efficient for MSMEs, enabling them to save both time and money, even amid the uncertainties today,” he said.
BPI BizKo is a simple, affordable, and convenient subscription-based digital banking platform that enables MSMEs to manage their business finances and provides an integrated online system for invoicing and collection.
