Responsible Credit Policies of Banks in the Philippines

The Fair Finance Philippines (FFPh) 2022 bank policy assessment examines the lending and investment policies of BDO Unibank, Bank of the Philippine Islands, Land Bank of the Philippines, Metropolitan Bank & Trust Company, and Rizal Commercial Banking Corporation by comparing them to international standards and initiatives. Profundo supported Fair Finance Philippines with the policy assessments by providing technical support and quality reviews. The assessments took place in 2023 and employed the Fair Finance Guide (FFG) methodology. The findings reveal that the banks scored highly in financial inclusion and consumer protection with averages of 7.0 and 4.9 out of 10, respectively. On the other hand, the banks scored zero under the themes of nature and climate change. According to the 2023 World Risk Report, this is particularly concerning given the Philippines’ status as the country most at risk from disasters.