The Bank of the Philippine Islands (BPI) proudly honored its outstanding retail loans partners at the 6th Padayon Awards, an annual gathering that celebrates the exceptional contributions of BPI’s partner dealers, manufacturers, developers, and brokers. Organized by the Retail Loans Group, the event highlighted the collaborative spirit that drives BPI’s mission to build a better Philippines.
“Padayon,” a Visayan term meaning “to move forward,” embodies the spirit of resilience, optimism, and determination that defines BPI’s approach to progress. This year’s awards recognized the vital role of these partners in helping Filipinos achieve their dreams through strong partnerships and innovative financial solutions.
This year, the awards expanded to include partners from the motorcycle industry and highlighted the bank’s sustainability-focused products: MyBahay, the first 30-year term affordable housing program offered by a commercial bank; MyKotse, which extends auto loan terms up to 6-7 years; and Green Solutions, which provides financing for electric and hybrid vehicles.
“We’ve always been moving, transforming and responding to the changing needs of our customers and shifting market dynamics. This is the Padayon spirit, a vibrant expression of our strong conviction to face the future with hope and optimism because of our confidence, that, We Go Together, “ said Maria Cristina “Ginbee” Go, BPI’s Head of Consumer Banking.
Padayon Awards: Celebrating resilience, partnership, and progress
This year’s theme, “We Go Together,” highlights the power of unity in driving shared success and delivering life-changing opportunities to more Filipinos.
The Padayon Awards serves as a platform to inspire our partners to continuously refer loan applications to BPI, strengthening long-term loyalty and collaboration. The awards also reinforce BPI’s position as a trusted and holistic financial partner, one that values deep personal relationships beyond business transactions. This year BPI awarded the following:
- Top National Developer-Production (Developers): DMCI Project Developers, Inc.
- Top Dealer Group Nationwide (Manufacturers and Dealers): Gateway Group
- Top Dealer Branch Nationwide (Manufacturers and Dealers): Toyota Bacoor Cavite, Inc.
- Top Dealer Branch Nationwide (Motorcycle): Premiumbikes – Sapang Palay
- Top Loan Referrer Nationwide 2024 (Brokers): Jojo Taming
- Top ROPA Nationwide (Motorcycle): Adrian S. Gueverra
Together, BPI and its partners have helped many Filipinos achieve their dreams of owning a home, purchasing a car, or securing a motorcycle.
Record-Breaking Growth in Key Product Categories
BPI achieved an extraordinary milestone in 2024, reporting a record-breaking 37% growth in retail loan releases, bringing its total portfolio to over PHP 300 billion. This outstanding performance highlights BPI’s continued commitment to providing accessible, affordable, and customer-centric financing solutions to Filipinos nationwide.
BPI’s impressive performance in 2024 is reflected across its core loan offerings. Auto Loans saw a 25% increase in loan releases, with the portfolio growing 27%. Motorcycle Loans grew by 22% in releases, and the portfolio itself rose by 19%, significantly outperforming the broader industry, which saw a decline of 3.1%. Housing Loans experienced the most substantial growth, with releases up by 45%, nearly doubling the industry’s growth rate of 8.1%.
“The robust performance across all our product lines highlights the continued trust our customers place in BPI as a financial partner. We are proud to offer them not just loans, but solutions that empower them to achieve long-term financial security and success. This relentless focus on customer satisfaction has been a driving force behind our continued growth in an increasingly competitive market,” said Dexter Lloyd Cuajotor, Head of BPI Retail Loans Group.
“Trust, ease, and accessibility are the core pillars on which we’ve built our success,” Cuajotor shared. BPI is continuously striving to make the loan application process as straightforward as possible, and make it more accessible and convenient for our customers,” he added.
BPI’s extensive network of over 800 branches, a user-friendly digital platform, and collaborations with dealers, distributors, brokers, developers, and online marketplaces like Lazada have also made it easier for customers to apply for loans anytime, anywhere.
BPI’s long-term vision extends far beyond financial products. The BPI Retail Loans Group is also committed to offering comprehensive life and non-life insurance bundles, empowering customers to protect their assets and secure their families’ future. For the digital-savvy Filipino market, BPI’s Loans Marketplace is streamlining the loan-buying process, further enhancing accessibility and convenience.
“We have embarked on a customer-first Phygital transformation that integrates the expanse of our physical branch network with the power of our digital and virtual capabilities. This strategy is anchored on empowering our customers’ dreams and enabling their jobs-to-be-done by re-designing the end-to-end customer journey. Our partnerships with real estate developers and brokers and vehicle manufacturers and dealers are integral to making this happen.” said Maria Cristina “ Ginbee” Go, BPI’s Head of Consumer Banking.
For more information on the products and services offered by BPI Retail Loans Group, visit your nearest BPI branch, the loansmarketplace.com.ph, BPI’s Lazmall Flagship Store, or any of the bank’s agency partners.