BIS central bankers’ speeches  real estate loans booked by thrift banks increase by Php 33 billion, Php 253 million and Php 29 billion respectively over the past three years alone. This translates to annualized growth rates of 15 percent, 14 percent and nine percent respectively. ASEAN integration and the consumer market Ladies and gentlemen, clearly, demographics favor you.
Furthermore, ASEAN integration opens up a bigger regional market. After all, the economic prospects of ASEAN as a whole have always been premised on its retail market. ASEAN has a base of over 600 million individuals in 10 jurisdictions whose collective GDP in 2012 amounted to USD2.27 trillion.