The Lugtu family’s Asialink Finance Corp. has been given an issuer credit rating of PRS A plus (corp.) with a stable outlook by Philippine Rating Services Corp. (PhilRatings). PhilRatings noted that Asialink, reportedly one of the fastest-growing financing companies in the Philippines with 192...
Homegrown non-bank lender Asialink Finance Corp. (AFC) has secured a $130 million (around P7.605 billion) financing deal with the International Finance Corporation (IFC), a World Bank Group member, aimed at improving its working capital and support for small businesses, especially those owned by...
The Asialink Group of Companies has announced a reorganization of its leadership team, effective in 2025, as the company sets its sights on growth in its core businesses and expansion into new markets, particularly in small and medium enterprise (SME) lending. "Team Asialink is clear-eyed on our...
The International Finance Corp. (IFC) has extended a $150-million loan package to Asialink Finance Corp. (AFC) so it can lend to small, especially women-owned, businesses in the Philippines. The Washington-based private-sector lending arm of the World Bank Group (WBG) disclosed on Dec. 26 that the...
Manila-based Asian Development Bank (ADB) has secured a $115 million (over P6.676 billion) financing deal with homegrown non-bank Asialink Finance Corp. (AFC) to boost the latter’s working capital and support small businesses, particularly those owned by women. ADB Director General for Private...
Homegrown non-bank Asialink Finance Corp. (AFC) has secured a total of at least $200 million (over P11.7 billion) in loans from two multilateral lenders to support its small business lending in the Philippines. Minutes of an Oct. 9 meeting of the Washington-based International Finance Corp. (IFC)...
Asialink Finance Corporation has secured a P1 billion credit line facility from Maybank Philippines to help provide financing options for micro, small, and medium enterprises (MSMEs). In a statement on Wednesday, Oct. 30, Asialink said the partnership aims to accelerate its loan disbursements and...
The International Finance Corp. (IFC) has green-lit a loan package for Filipino firm Asialink Finance Corp. (AFC) to help boost small business lending in the Philippines. The private-sector lending arm of the World Bank Group (WBG) disclosed on Friday, Oct. 11, that the senior loan financing...
The Asialink Finance Corp. has secured a P125 million credit line from KEB Hana Bank Global, its first financial partnership with a South Korean bank. In a statement on Wednesday, July 10, Eillen Mangubat, Asualink president and chief operating officer, said the agreement aims to bolster the...
Asialink Finance Corporation has tied up with credit information and risk management firm CIBI Information Inc. for access to the creditworthiness data of small and medium enterprises (SMEs). “We are on an expansion mode and we need to be guided with credit scores to manage our risks in lending...
SB Capital Investment Corporation, the wholly-owned investment banking arm of Security Bank Corporation, and RCBC Capital Corporation have successfully arranged and managed a P2-billion private placement of fixed rate notes for Asialink Finance Corporation. In a statement, SB Capital said the...
Asialink Finance Corporation reported that it has raised P1 billion from Yuanta Saving Bank and Small Business Corporation (SBC) for relending to small- and medium-scale businesses. In a statement, Asialink said SBC, a government entity, provided P600 million while Yuanta, formerly Tongyang Saving...
