Manila, Oct. 17 -- A ranking official of Rizal Commercial Banking Corporation (RCBC) expects continued double-digit growth this year of consumer loans on the back of the decline of domestic interest rates.
RCBC Consumer Lending Group head Rommel Latinazo said they are optimistic of the sustained robust performance of their consumer business.
He said the decline of domestic interest rates is a plus since it will encourage more people to take loans.
"With the easing of rates demand should further grow," he said.
In 2018, the bank registered nearly 14-percent growth on consumer loans.
To date, the Bangko Sentral ng Pilipinas' (BSP) policy-making Monetary Board (MB) slashed the central bank's key rates by 75 basis points after hiking it by...