Home Credit Philippines signs additional 7B Loan Credit Facility with BPI
Home Credit Philippines (HCPH) recently signed an agreement for an
additional P7 billion loan facility with Ayala-led Bank of the Philippine
Islands (BPI), making BPI the company’s biggest creditor with a total of P13.5
billion combined credit line facilities.
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Photo shows (from left) BPI executives: John-C
Syquia, Institutional Banking Head, and TG Limcaoco, President and CEO; Home
Credit executives: Zdenek Jankovsky, Treasury and Funding Director, and Patrick
Peter Santos, Head of Funding. |
Home Credit is the largest consumer finance company in the Philippines. As of end-2023, it has served 10.4 million customers all over the country through a selection of affordable and accessible financing products.
“We at BPI are committed to accelerating our efforts to elevate financial inclusion in the Philippines. We are glad to support Home Credit by providing tailored solutions to enable their financial inclusion initiatives to thrive and at the same time, improving the quality of life for Filipinos, enabling them to do more. This forms part of our vision to help build a better Philippines—one family, one community at a time,” said BPI President and CEO TG Limcaoco.
“This additional loan credit facility to Home Credit, extended by no less than BPI, the first bank in the Philippines and the Southeast Asian Region, is a strong testament to the strong performance and stability of Home Credit’s business in the country as a leading consumer finance company,” Zdenek Jankovsky, HCPH director and treasurer, said.
Home Credit Philippines was issued a double-A Issuer Credit Rating with stable outlook by PhilRatings (Philippine Rating Services Corporation), a pioneer domestic credit rating agency, in 2023 based on its overall creditworthiness and ability to meet all its financial commitments and sustain its growth in its market.
“This local loan credit facility will enable us to better serve our 10-million strong customer base, allowing us to expand access to credit opportunities for more Filipinos,” Jankovsky added.
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| Also in witness of the signing event were BPI officers and executives (from left): Micah Clemente, Relationship Manager; Barbara Untalan, Head of Top Corporates-MNCs and Sectors; Maria Teresa Anna Lim, Head of MNCs and Sectors and; and Grace Saulog, Head of Financial Institutions and Correspondent Banking; with Henry Segovia, Home Credit Funding and Business Development Manager. |
Home Credit Philippines has been at the forefront of broadening financial inclusion in the Philippines for more than a decade since it opened its doors in the country in 2013. It has continuously provided innovative credit opportunities for Filipinos especially to women, young people, and those earning less than 20,000 a month.
HC Consumer Finance Philippines[PPS(1] Inc., HCPH’s corporate entity, was acquired by Thailand’s Krungsri (Bank of Ayudhya PCL) and Japan’s MUFG (Mitsubishi UFJ Financial Group, Inc.) in June 2023.
To know more about the latest updates from Home Credit Philippines, visit its official website, www.homecredit.ph. You may also follow its official Facebook, Instagram, and TikTok accounts. Customers are also encouraged to download the My Home Credit App on Google Play to learn more about the latest promos and see what’s new in the Marketplace.
Home Credit Philippines is a financing company duly licensed and supervised by the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP).
[PPS(1]Inserted Philippines
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