The country’s leading consumer credit provider, Home Credit Philippines, has signed a two-year, 7 billion peso credit facility with multi-award-winning universal bank Union Bank of the Philippines (UnionBank), to provide access financial support to more Filipinos.
The agreement will enable Home Credit Philippines to provide more Filipinos with financial accessibility and inclusion through the brand’s intuitive and affordable loan products.
The signing ceremony, held at UnionBank Plaza in Pasig City on April 4, was graced by Home Credit Group CEO Jean Pascal Duvieusart, Home Credit Philippines CEO David Minol, Treasurer Zdenek Jankovsky, UnionBank executives led by EVP-Combank center director Roberto. Abastillas, VP-Combank Group Head Erika Sykat, SEVP-Treasurer Jose Emmanuel Hilado and Consultant Beatriz Romulo.
“At Home Credit Philippines, we see this partnership as important not only for the company, but especially for our Filipino customers. Following our turnaround operations in 2021, this facility represents continued confidence in Home Credit’s omnichannel distribution model that incorporates 24-hour offline and online access,” said Home Credit Philippines Treasurer Zdenek Jankovsky.
“This significant funding from UnionBank ensures that we can continue to pursue our mission of consistently becoming the lender of choice to underserved sectors that need access to reliable and regulated sources of funding,” he added. .
The transaction makes UnionBank, led by Aboitiz, the largest credit partner in the Philippines for the global provider of consumer credit services.
UnionBank Philippines Center Manager Roberto Abastillas said, “We are always pleased to partner with companies such as Home Credit that share our mission of promoting financial inclusion in the Philippines. At UnionBank, enabling inclusive prosperity is also part of our corporate DNA. And we still believe that supporting brands that have the same commitment can help us fulfill our financial inclusion mandate.
Home Credit started operations in the Philippines in October 2013. It is part of Home Credit Group, a global expert in consumer credit, with a leading presence in 13 countries in Central and Eastern Europe, Asia and the United States. ‘North America.
SUBSCRIBE TO THE DAILY NEWSLETTER
CLICK HERE TO JOIN