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Manila Bulletin devider Business devider Banking & Finance devider Asialink secures ₱120-million credit line from Taiwan's Mega ICBC

Asialink secures ₱120-million credit line from Taiwan's Mega ICBC

Published Jun 16, 2025 11:01 am
(Left to right) Sam Z. Cariño, President and CEO of Asialink Finance Corporation; Robert B. Jordan, CEO of Asialink Group of Companies; and Ruben Y. Lugtu III, Chairman of Asialink Group of Companies, signed a credit line agreement with Kuo Yao-Yu, Vice President and General Manager of Mega International Commercial Bank Co. Ltd; and Leo L.C. Chien, Assistant Vice President.
(Left to right) Sam Z. Cariño, President and CEO of Asialink Finance Corporation; Robert B. Jordan, CEO of Asialink Group of Companies; and Ruben Y. Lugtu III, Chairman of Asialink Group of Companies, signed a credit line agreement with Kuo Yao-Yu, Vice President and General Manager of Mega International Commercial Bank Co. Ltd; and Leo L.C. Chien, Assistant Vice President.
Manila-based Asialink Finance Corporation (AFC) has secured a ₱120-million credit line from Taiwan-based Mega International Commercial Bank Co., Ltd. (Mega ICBC), a partnership aimed at expanding financing to the country’s micro, small, and medium enterprises (MSMEs).
“With this additional funding, Asialink can support more Filipino entrepreneurs, including small retailers, service providers, and transport operators, by providing the capital they need to grow their businesses, create jobs, and contribute to their communities,” the local financing firm said in a statement on Monday, June 16.
Asialink noted that this agreement builds on a series of significant financing milestones for the financing company.
Asialink obtained $115 million in funding from the Manila-based Asian Development Bank (ADB) and secured an additional $130 million from the World Bank Group (WBG) member International Finance Corporation (IFC) in late 2024 and early 2025.
Those funds are intended to support the growth of businesses led by women by enhancing access to capital.
According to Asialink, the latest agreement also advances Asialink’s goal of “strengthening grassroots enterprise development as a pathway toward broader and more inclusive economic growth.”
Asialink president and CEO Sam Cariño said the firm’s partnership with Mega ICBC is “a meaningful step in widening our capacity to serve more MSMEs across the country.”
“At the heart of this collaboration is our belief that inclusive financing leads to inclusive growth because when small businesses succeed, local economies thrive,” he stressed.
Mega ICBC “has built a reputation for supporting organizations that drive inclusive development,” Asialink noted.
Its partnership with Asialink enables Mega ICBC to support Philippine MSMEs through a financing partner familiar with the specific needs and conditions of local businesses.
“More than their strong growth outlook, we chose to partner with Asialink because of their clear commitment to making financial services accessible to Filipino communities,” said Kuo Yao-Yu, vice president and general manager of Mega ICBC.

Related Tags

Asialink Finance Corporation (AFC) Mega International Commercial Bank Co. Ltd. (Mega ICBC) micro small and medium enterprises (MSMEs)
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