Bank of Ayudhya (Krungsri) announced yesterday the 75% majority stake acquisition of the consumer finance business of Home Credit in Indonesia and the Philippines, with an initial total consideration of €473.9 million (17.7 billion baht).
JAKARTA (dpa-AFX) - Mitsubishi UFJ Financial Group Inc. or MUFG (MTU), a Japanese bank holding and financial services company, announced Thursday that the company and MUFG Bank, Ltd. have decided
HC Consumer Finance Philippines Inc. (Home Credit) on Wednesday said Citi Philippines, the largest foreign bank in the country in terms of asset base, has increased its credit facility to the consumer financing firm to P820 million from the P420 million approved and drawn last May. “This upsizing of the…
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Published December 15, 2020, 5:00 AM
SB Capital Investment Corporation (SB Capital), the investment arm of Security Bank Corporation (SBC), was recently recognized by The Asset and FinanceAsia Awards for its participation in several fund-raising activities.
In a statement, SBC said SB Capital was cited for its role as lead arranger, bookrunner, and underwriter in key initial public offering (IPO) and finance deals in the Philippines and Southeast Asia this year.
The Asset Awards recognized SB Capital alongside three other banks as mandated lead arrangers and bookrunners for HC Consumer Finance’s P8 billion senior secured term loan facility.
The term loan facility won as the 2020 Best Structured Finance Deal in the Philippines.