The Market Monitor Minding the Nation's Business
The Bank of the Philippine Islands (BPI) awarded Gateway Group of Companies as the Top Dealer Group Nationwide in the manufacturer and dealers segment as its outstanding retail loans partner during the recent 6th Padayon Awards, an annual gathering that celebrates the exceptional contributions of BPI’s partner dealers, manufacturers, developers, and brokers that is organized by the BPI Retail Loans Group.
The Gateway Group of Companies is now catering to 10 major car brands such as Mitsubishi, Honda, Nissan, and its number showrooms are located in various locations from Luzon to Mindanao.
A premium service provided to its customers is the No. 1 mantra that Gateway insists to its officers and staff as they make the company an excellent extension of the brands that they are selling. Aside for premium service-satisfaction, Gateway also closely assists their clients in having a new car whether it’s their first or second one from the time they entered their showrooms up to the choice of BPI as a trusted partner in financing their vehicles.
“Padayon,” a Visayan term meaning “to move forward,” embodies the spirit of resilience, optimism, and determination that defines BPI’s approach to progress and this year’s awards recognized the vital role of the Gateway Group in helping Filipinos achieve their dreams through strong partnerships and innovative financial solutions and Green Solutions which provides financing for electric and hybrid vehicles. The Padayon Awards serves as a platform to inspire partners to continuously refer loan applications to BPI, strengthening long-term loyalty and collaboration. The awards also reinforce BPI’s position as a trusted and holistic financial partner, one that values deep personal relationships beyond business transactions.
“We’ve always been moving, transforming and responding to the changing needs of our customers and shifting market dynamics. This is the Padayon spirit, a vibrant expression of our strong conviction to face the future with hope and optimism because of our confidence, that, We Go Together,” said Maria Cristina “Ginbee” Go, the BPI’s Head of Consumer Banking.
BPI achieved an extraordinary milestone in 2024, reporting a record-breaking 37 percent growth in retail loan releases, bringing its total portfolio to over P300 billion. This outstanding performance highlights BPI’s continued commitment to providing accessible, affordable, and customer-centric financing solutions to Filipinos nationwide. Auto loans saw a 25 percent increase in loan releases, with the portfolio growing 27 percent.
“The robust performance across all our product lines highlights the continued trust our customers place in BPI as a financial partner. We are proud to offer them not just loans, but solutions that empower them to achieve long-term financial security and success. This relentless focus on customer satisfaction has been a driving force behind our continued growth in an increasingly competitive market,” said Dexter Lloyd Cuajotor, the Head of the BPI Retail Loans Group.