EastWest Bank expects loans to expand by 20% this year

BILYONARYO.COM

EastWest Banking Corp., the financial services arm of the Gotianun Group, said it expects a loan growth of 20 percent this year, as the bank?s investments in the past start to deliver positive results.

?If we don?t grow our loans by 20 percent this year, we won?t be happy,? EastWest president and chief executive Antonio Moncupa Jr. told reporters in an interview.

?We have many investments in the past? These investments are starting to bear fruit,? Moncupa said.