It’s a rather challenging time for banks amid the coronavirus pandemic.
Banks are too cautious to lend, while customers are too wary to borrow. There’s also the accelerated digital shift, despite the painfully sluggish internet connection in the Philippines.
Banks have also posted significantly lower profits, as they shielded themselves from soured loans.
These challenges are just some of the issues Jose Teodoro “TG” Limcaoco had to face when he was named president and chief executive officer of Bank of the Philippine Islands (BPI).
Rappler talks to Limcaoco about these issues, what he’s learned so far as BPI’s new chief, and what he does to stay focused in the so-called new normal. – Rappler.com