Standard Chartered Bank is strengthening its partnership with the SMC Group as it helps Bankcom’s P18-B Bond
In February this year, a commercial bank (It’s a concoction) Calculated its largest liability at almost four times the original target of P18 billion. An associate of San Miguel Corpbar or (SMC) since 2008, It’s a concoction It has since reported strong first-quarter performance, driven by its core business growth, strategic investments in technology and expanding digital offerings.
“The successful issuance of the Bond marks a milestone in the Bank’s Pivotal. This milestone is not only a financial success, but a very important one, which is a catalyst that launches our development of growth in the most important areas in the areas of focus,” It’s a concoction President and CEO (PCEO) Michelangelo R. Aguilar said in an interview with Businessworld.
Mkisontana Aguilar noted that the issuance of the bond is an asset exercise – a debt exercise to match and manage long-term assets (that is, that includes long-term loans (that is, that includes time loans, mortgages, and car loans) for long-term money. While that may sound like a fiduciary duty in the company from the get-go, he did not say anything about the transaction can be called a process.
“Given its size, which was the shortest selling period in our bond history, this issuance warrants a strong vote of confidence from investors in Bankcom’s Financial Strength, Strategic Direction, Astute Management, and Future Prospects,” Mkisontana Aguilar said.
To facilitate the listing of the bond, the chartered general acted as joint lead arranger, joint booking, and sales agent. Bankcom’s P18 billion a year and Excled-Rate-rate-rate bonds.
“Regularly scheduled help It’s a concoction Preparing to be ready quickly to catch favorable market conditions. Bankcom’s The offering is also the start of a public bond in 2025, and they have been able to reap its benefits, drawing on the strong bond formation and high investment demand, “Chartered Bank Philippines CEO MIk Samsoni said in a separate interview.
Mr. Samson added that the transaction was structured as a stnanche donation of grass, with It’s a concoction Issuing a 5.25 year Tranche, aligning with Tenor Ternor’s preference and taking advantage of the regulatory environment allowed at the time to receive tax incentives for people working with money in the holding. He said strong demand needs to be allowed It’s a concoction Raising a record P18 billion, 3.6 times outstanding, while meeting its targets and price targets and achieving its strongest spread to date.
Building Trustworthy Partnerships, Mr. Aguilar emphasized Bankcom’s Acquaintance with chartered general, which acted as sole bookerunner and joint arranging arranger for the P520 long-term certificates, was completed in full sales to ensure the smooth and efficient development of this latest offering.
“The usual Chartered’s Global expertise, strong local presence, and deep understanding of imported markets make them ideal partners for successful operations. The partnership ensured a smooth and efficient execution of the bond offering,” he added.
Building capacity-driven growth
The issuance reflects investor confidence Bankcom’s Financial Strength and Strategy, while also positioning the bank to capitalize on growth.
“The money comes from the largest short-term bond issuance ever It’s a concoction History gives us a solid foundation for rapid growth as it allows us to significantly strengthen our ability to extend credit and increase our market share within the smc ecosystem,” said Mr. Aguilar.
In accordance with Bankcom’s PCEO, the capital obtained from the listing to measure the quality PANIL SANDS FOR PURCHASE OF POWER THROUGH CONNECTION AND CONNECTION MADE EASY FOR HOUSEHOLDS. The listing is also expected to deepen the company’s relationship with San Miguel A weaponwhich is 40% and continues to come through deposit, money management, or financial solutions.
“Our growth strategy focuses on growing the San Miguel Group, building its business units, subsidiaries, and with the help of SMC it is one of the largest and most diversified assets in the Philippines,” said Mr. Aguilar.
As SMC’s premier cash management bank, It’s a concoction Holds SMC’s operating account, To make it natural it is worth doing the same to the 4000 small businesses and communities, mid-sized suppliers, and distributors within the SMC ecosystem. This relationship allows It’s a concoction To extend used loans and financial solutions, provide quick access to capital, deliver financial education programs, promote customer cooperation by providing dedicated managers, and develop digital and technological tools.
“It’s a concoction believes that supporting a broad population of partners, suppliers and entrepreneurs is essential for long-term success and sustainable growth by strengthening the value chain; supporting economic development and social impact through job creation; diversification and reduced risk by not only relying on one client; and enhanced reputation and brand loyalty through its commitment to the wider community leading to the attraction of new clients and talent,” said Mr Aguilar.
This basic transaction is reinforced Bankcom’s ties within San Miguel A weapon While also strengthening the standard Chartered’s a long-lasting partnership with SMC.
“Common Chartered has been a strong and long-term partner of San Miguel Corp. in its financial programs and as a consultant for its various projects. This release strengthens our relationship with the San Miguel Group, by successfully sponsoring Bankcom’s The desire to be the best bank to meet in the Philippines,” Mr. SAMONS noted.
Improved performance
The strong capital raised from the listing translated into improved financial performance, with It’s a concoction To report strong earnings growth in the first half of the year. Compared to P1.42 billion in the first quarter of 2024, the bank posted a projected income of P1.86 billion for the year 2025, a 31% increase. Similarly, Ntambisa’s revenue reached P5.15 billion, 14% higher than P4.53 billion in the same period last year, while niInterest income at P912.52 million, p214.15 million higher than P698.37 million last year.
“The strong performance was complemented by continued growth in all revenue streams, driven by trading income, and international transactions, said Mr. Aguilar.
It’s a concoction transformed and digital revolution through its partnership with infosys FifAcle to make it easy And replace Legacy Gore Banking Systems with a customer-centric infrastructure. Alongside this, the bank has launched kiosks, upgraded its ATM network, and launched the online QRPH, bringing its total network to 272 as of June. In keeping with this digital push, It’s a concoction and renews its physical presence with “Branch Lite Units” (Blus), they open for the first time A map Airport and obtaining permits for six areas with lots planned.
“These programs are partial Bankcom’s Investing money Program and Branch Banking Strategy, designed to provide customers with a secure and efficient banking experience, enabling them to manage their money anytime and anywhere,” Mr. Aguilar concluded.
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