MANILA, Sept 20 (Bloomberg): The Bank of the Philippine Islands, South-East Asia’s oldest lender, is adapting to a global trend for green finance and digitalisation, according to its chief executive officer.
The 170-year-old bank owned by conglomerate Ayala Corp. is betting on a leap in renewable energy use as the technology becomes affordable and the power sector shifts to more environmentally friendly plants, TG Limcaoco said in an interview on June 18. Among Philippine lenders, BPI has the highest exposure to coal, said a civil society group called Withdraw from Coal.
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