Social financing

Citi, the country’s largest foreign bank, and Home Credit, a global leader in consumer finance, announce the launch of a new joint social finance facility in the Philippines. The loan is designed to promote greater financial inclusion for Filipinos and is the first example of its kind for Home Credit supporting the mobile segment. Attending the signing ceremony are (by row, from left) Citi Philippines corporate banking head Fernando Fleury, Home Credit corporate treasurer and chief business development officer Zdenek Jankovsky and Citi Philippines’ global subsidiaries group head Ajay Paul, Citi’s Kel Fabian, Home Credit’s Victoria Tupaz, Henry Segovia and Carmela Ongsiako and Citi’s Vince Lopez.