Bank executives remain optimistic about the Philippine economy but most expect growth, at best, to only hit the bottom end of the government’s target.

“Majority (76.3 percent of respondents) of bank executives expect the economy to grow by 5 to 7 percent in the next two years across the banks surveyed,” the Bangko Sentral ng Pilipinas (BSP) said on Wednesday, citing the results of its maiden Banking Sector Outlook Survey.