In a statement on Saturday, Aug. 12, the company announced its earnings in a special shareholders’ meeting, along with a report on its revenues which grew by 43.86 percent year-on-year to P3.096 billion.Asialink General Manager Eileen Mangubat said the company has continued to grow as pandemic restrictions have eased, allowing “many industries to get back on track and seek financing to reinforce or expand their operations”.
“ Philippines has also seen an increasing demand for second-hand cars, where Asialink has established a niche in terms of financing,” she was quoted as saying in the statement. The company has also opened additional branches in the last years and “hired more salespeople and partnered with more car dealers,” she added. It operates about 118 branches and they plan to raise this number to 160 by the end of 2023.Mangubat said Asialink has also secured additional funding of some P2 billion from its credit lines with the Development Bank of the Philippines, Cebuana Lhullier, Small Business Corporation, Philtrust Bank and Veterans Bank.
It also launched its corporate social responsibility program of providing “relief, opportunity and livelihood”. “Currently, we are already working with local communities in line with this advocacy,” said Mangubat. This includes the hosting of its first Asialympics for its partners and loan consultants.