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The Bank of the Philippine Islands (BPI) is IFC's pioneering partner in sustainable energy finance in the Philippines. Alberto Pascual, BPI's Senior Vice President, and Nanette Biason, BPI's Head of Sustainable Energy Program, talk about the bank's experience since it joined the program in 2008 -- the impact on the bank's bottom line and on the Philippine market.
As a sign of our strong partnership, BPI and IFC signed an expanded a risk-sharing facility in May 2012. Under the facility, IFC guarantees 50 percent of every loan under the bank's Sustainable Energy Finance window, for up to 5 billion pesos ($119 million) of its total portfolio of such loans.