CONSUMER finance platform Billease has secured a P1-billion credit facility from Philippine National Bank (PNB), expanding its local funding base as it continues to grow its consumer loan portfolio.
The facility — Billease’s first with PNB — allows the bank to hold a registered secured interest over a pool of Billease’s consumer loan receivables, the company said Thursday.
Billease said the deal reflected growing bank interest in lending against consumer finance receivables and formed part of its strategy to increase funding from local lenders.
“PNB coming on board is a strong signal, it says the largest institutions in the market are ready to fund this kind of lending when it is done with discipline,” Billease co-founder and CEO Georg Steiger said.
PNB Executive Vice President Roberto Abastillas said the bank was confident in Billease’s portfolio quality and viewed the facility as the start of a broader partnership.
“Billease has demonstrated strong portfolio quality across different market cycles. This track record gave us confidence to establish this relationship at a meaningful scale,” he said.
Billease reported continued growth in 2025, with revenue up more than 80 percent year on year to P8.7 billion, while net profit reached P782 million.
Its gross loan book increased more than 77 percent to about P12.5 billion, while total assets reached P13.7 billion as of end-2025.
The company said it added more than 200,000 new customers and disbursed more than P5 billion in loans per month.
As of Dec. 31, 2025, Billease had about P6.4 billion in consolidated equity against P7.1 billion in total borrowings, resulting in a debt-to-equity ratio of roughly 1x, according to the company.
Billease said the PNB facility complemented its roster of local and international lenders as it seeks to fund its expansion increasingly through domestic partners.
The company also recently entered the banking sector following its acquisition of a rural bank, which is expected to broaden its product offerings to include savings and deposits and improve its funding profile.
“The strongest funding relationships are built on transparency and track record, not promises,” Billease Chief Financial Officer Garret Go said.
