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RCBC sees strong growth in housing, auto loans

Rizal Commercial Banking Corp. sees its housing and auto loan portfolio growing further toward the end of the year as the country continues to rebound from the pandemic-induced recession. ....

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Car sales recovery seen in Q4 2021


Published May 10, 2021, 5:30 AM
The domestic automotive industry is projected to recover in the fourth quarter of 2021 and pick up momentum well into 2022, according to investments and banking executives.
House of Investments (HI) Senior Vice-President and Car Business Operations head Johnny Fetalvero said several factors will work in favor of improved auto sales. These include the speed of the Coronavirus 2019 (Covid19) vaccination roll-out, reinvigorated cash remittances, steady lifting of restrictions, and election spending.
In turn, increased economic activities and consumer spending would sustain the momentum the following year.
Fetalvero explained that the auto purchases may have shifted to low gear with the record levels of active virus cases in March this year, and the subsequent reimposition of the expanded community quarantine (ECQ). ....

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