APAC / South East Asia Business Awards 2022 9 Vehicle Finance Specialists of the Year – Philippines & Business Resilience Excellence Award 2022 International Development Finance Corporation (DFC), using the DFC’s mission as a framework for its own objectives. The DFC works in collaboration with partners in the private sector to create finance solutions for some of the most pressing challenges within developing countries. It is with this in mind that South Asialink hopes to serve as a catalyst for change across the Philippines – a 2019 survey published by Bangko Sentral ng Pilipinas (BSP, Central Bank of the Philippines) states that 71% of the adult population do not have a bank account, and 81% do not have access to formal credit from financial institutions. South Asialink has direct experience with the biases of most banks, as its senior management is comprised of former bank executives and managers who recognised the issue over two decades ago. As such, the company supplies premium financial services to the individuals, businesses, employees, and organisations that need them most. By forging the perfect balance between serving this target market, increasing value for shareholders, and risk management, South Asialink has accomplished a feat failed by numerous large financial institutions. The team that embedded this approach into the company’s structure consists of University of Western Australia, Ateneo Graduate School of Business, and De La Salle University alumni. Led by Chairman of the Asialink Group and SAFC Chairman, Ruben Y. Lugtu II, the company benefits from his experience working as the Director of West Point Collection and Business Services, Inc.; Forbes Financial Consultancy Corp.; and ALFC Insurance Agency, Inc.; and many more. The leaders of the business have cultivated a workplace that supports equality, with the rights of women being a main priority. Empowering its team members is something that comes naturally to South Asialink, and it recruits team members without discrimination – in fact, women hold 70% of the organisation’s top positions, such as Deputy COO for Operations, Finance Controller, Treasury Head, Chief Legal Counsel, HR and Training Head, Compliance and Risk Officer, Branch Marketing Group Head, Special Accounts Group Head, etc. As a result, approximately 60% of South Asialink’s team are women. In 2022, the company hopes to continue leading the way for financial institutions in the Philippines, as it serves as a shining example of an ethical business. Further, it plans to continue the record-breaking growth it accomplished in 2021, where the company’s net income grew by an outstanding 234%. Contact: [email protected] Company: SOUTH ASIALINK FINANCE CORPORATION Web Address: https://www.safc.com.ph/
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