In the first half of the year, Stanchart's loans and advances to customers increased 26% to P5.7 billion.
Speaking at the announcement of the bank's half year results recently, chief executive officer Moathodi Lekaukau noted that their appetite for unsecured loans is driven by their balance sheet.
"Our balance sheet gives us capacity to lend more," he noted, further explaining that loan impairment for both businesses is being well managed.
The bank's balance sheet stood at P9.5 billion at the end of the half year.
Taking into consideration the risk level, Lekaukau acknowledged that they diligently assess their customers based on their ability to repay the loan, before giving out an unsecured loan.
He said that most recipients of the unsecured loans are already their customers, whom they have a relationship with and know their track record.
With the help of loans and advances to customers, Standard Chartered recorded double digit income growth for the first half of 2013, with total income up 11% to P483 million, which was also driven by strong growth in both consumer banking and wholesale banking revenue.
"The bank remains well capitalised with a robust balance sheet and is well positioned with ample liquidity to better serve our clients to achieve their growth aspirations," said Lekaukau, adding that they have excellent capital strength.
He pointed out that the bank enters the second half of the year with good momentum as the first half year results demonstrate consistent growth in both consumer banking and wholesale banking functions. Also performing well is the banking consumer banking deposits, which recorded a 20% growth.
"Corporate and institutional deposits in the first half of 2013 recorded a 7 percent decrease compared to the corresponding period of 2012 as the bank continues to wind down expensive wholesale liabilities," Lekaukau said.
With a solid performance recorded by the bank, Standard Chartered says it will continue to deliver shareholder value. Earnings per share are up 9 percent and dividends per share 220% above the same period in 2012.