Billease secures ₱1B credit facility from Philippine National Bank
What's the deal? Billease, one of the largest consumer finance platforms in the Philippines, has signed a ₱1-billion (≈$16.2 million) debt facility with Philippine National BankDealroom has a profile for this one. Try Dealroom → (PNB), one of the country's largest universal banks. It marks the first facility between the two, secured against a pool of Billease's consumer loan receivables.
How it's structured: The facility uses the Personal Property Security Registry (PPSR), the movable-asset registry created under the Philippines' Personal Property Security Act, giving PNB a registered first-rank claim on the receivables. Billease pledges more in customer loans than it borrows, the pool is refreshed monthly, and repayments flow to PNB first. AlphaPrimus AdvisorsDealroom has a profile for this one. Try Dealroom → acted as transaction advisor.
What's the endgame? Billease wants to expand its local funding base for better economics and efficiency. Adding another top universal bank strengthens that base and, the company says, offers a template for how Philippine banks can lend against fintech receivables.
By the numbers: In its FY 2025 audited results, Billease grew revenue more than 80% to ₱8.7 billion and posted net profit of ₱782 million — its third straight profitable year, rare in a buy-now-pay-later sector where many peers lose money. The gross loan book rose more than 77% to about ₱12.5 billion, and the platform now onboards over 200,000 new customers and disburses more than ₱5 billion monthly.
Why now? As of December 31, 2025, Billease held roughly ₱6.4 billion in total equity against ₱7.1 billion in borrowings — a debt-to-equity ratio near 1x, leaving room for facilities like PNB's.
"Billease has demonstrated strong portfolio quality across different market cycles. This track record gave us confidence to establish this relationship at a meaningful scale," said Roberto Fo. Abastillas, executive vice president and head of the institutional banking sector at PNB.
The signal: The deal shows the country's largest banks growing more comfortable lending against high-quality consumer finance receivables. For lenders, it is an efficient route into retail consumer credit, one of the fastest-growing parts of the market, with risk spread across many small, short-term borrowers.
Read more: Logistics News
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