Asialink Group targets P2.2-B income this year

The Asialink Group of Companies is targeting a net income of at least P2.2 billion this year as it banks on robust economic growth, expanded product offerings and significant branch expansion.

- By KEISHA TA-ASAN

During a contract signing with the World Bank's International Finance Corp. (IFC) yesterday, Asialink Group finance director Maynard Mendoza said the financing firm is eyeing to increase its net income from the estimated P1.8 billion profit it recorded as of the third quarter of 2024.

Robert Jordan, Asialink Group CEO, said the group is optimistic about the country's growth prospects this year as the government is projecting the Philippines to grow by six to 6.5 percent.

Robust economic growth will likely drive new product offerings as the group grows its lending portfolio for micro, small and medium enterprises (MSMEs).