Billease secures P1 billion credit line from PNB
Consumer finance platform Billease has secured a P1-billion credit facility from Philippine National Bank (PNB), further expanding its local funding base as it scales its loan portfolio and moves deeper into traditional banking.
The consumer finance platform Billease has obtained a P1-billion credit line from Philippine National Bank (PNB), significantly enhancing its local financing resources as it broadens its loan portfolio and advances into conventional banking. This marks Billease's inaugural credit facility with PNB, backed by a collection of consumer loan receivables registered under the Personal Property Security Registry (PPSR).
The PPSR, established under Republic Act 11057, enables lenders to register security interests over movable assets, including receivables.
The credit facility allows Billease to borrow against its consumer finance receivables while providing PNB protection through over-collateralization and consistent replenishment of the loan pool. Billease will pledge customer loans exceeding the borrowed amount. Repaid or delinquent loans will be replaced with new receivables, and repayments tied to the facility will adhere to a predetermined priority, with PNB receiving payment first.
Roberto Abastillas, head of PNB's institutional banking sector, stated that Billease's loan performance justified the bank's decision to extend financing at a substantial scale. Abastillas expressed confidence in Billease's portfolio quality across varying market conditions, viewing the partnership as the beginning of a broader collaboration.
Billease's revenue surged by over 80 percent to P8.7 billion in 2025, with net income reaching P782 million. The company declared this as its third consecutive profitable year, with its gross loan book increasing by more than 77 percent to approximately P12.5 billion, and total assets amounting to P13.7 billion at year-end 2025.
Billease currently onboarded more than 200,000 new customers and disburses over P5 billion in loans monthly. Co-founder and CEO Georg Steiger emphasized the company's deliberate expansion of domestic funding relationships with leading banks in the Philippines to lower financing costs and foster further growth. Steiger expressed that PNB's involvement signals the largest institutions in the market's readiness to fund disciplined lending, considering Billease's profitable, scaling business that maintains stringent underwriting standards.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
