East West Bank said it expects its operations to remain strong this year but competition will be tougher because of the entry of foreign banks after the Philippines liberalized its banking industry, a top official said on Friday.

“The Philippine economy is a secular growth story. That means growth will stay for many more years, and it makes the country attractive for business, including banks,” said East-West President Tony Moncupa Jr.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details