MANILA, Philippines - The BPI Family Savings Bank has added leading brands Jollibee, Shakey’s, Wendy’s, Bentesilog, Fruitas and Via Mare to its Ka-Negosyo Best List Franchise Brands program, bringing the bank’s list of accredited franchise firms to over 90 brands.
BPI Family Savings senior vice president Ginbee Go said it was the bank’s mission to guide its clients who seek entrepreneurial options.
“We do this by giving them informed choices through our Ka-Negosyo Best List program, through which clients may choose a brand and get readily accessible funds to start a franchise business or expand existing ones,” Go said.
Companies make it to the Ka-Negosyo Best List on the strength of their financially sound business practices, brand trustworthiness, and strong marketing operations and training support they provide franchisees.
John Dennis Soriano, business development head of Bentesilog, affirms the strong financial advisory and opportunities that BPI Family Savings Bank provides its entrepreneur-clients.
“As a small brand, we are looking to further solidify our brand through strategic partnerships that will enable us to grow. We seek growth not just by expanding our size and number, but also by broadening our knowledge of the possibilities for our business.
BPI Family Savings Bank, through its programs, is both a business partner and financial advisor to us,” Soriano said.
Through the Ka-Negosyo Best List program, BPI Family Savings Bank seeks to strengthen its mission of making the best happen for partners in the franchise industry, helping them grow their business and extending their reach in meeting potential franchisees.
Last year, BPI Family Savings reported a 19 percent growth in total loan portfolio to P206 billion, surpassing the original target of P200 billion.
In the 2010-2015 period, the portfolio’s compounded average growth rate rose by more than 20 percent.
Of the total loan portfolio, mortgage loans accounted for roughly 50 percent, while the remaining half is divided between auto and SME loans.
SME loans, which include the Ka-Negosyo loans, account for 22 percent of total portfolio, and grew fastest at over 20 percent. Auto loans account for 25 percent of total portfolio.