Sterling Bank of Asia Grants Php 370 Million Credit Facility to Skyro

Sterling Bank of Asia and Skyro have strengthened their partnership by signing a Memorandum of Agreement (MOA) for a Php 370 million credit facility. This strategic collaboration aims to drive economic growth and enhance financial inclusivity in the Philippines.

Signing Ceremony Attendees:

• Standing (L to R): SBA Marketing Assistant Ms. Patricia Cabas, SBA Relationship Manager Ms. Jessa Mahinay, Skyro Head of Funding Ms. Victoria Tupaz, and Skyro Treasurer Mr. Vicente Dela Cruz.

• Seated (L to R): SBA Senior Vice President and Commercial Lending 1 Head Mr. Jose Ison, Jr., SBA Executive Vice President and Commercial Lending Group Head Mr. Benson Hari-Ong, Skyro Co-Founder and Co-CEO Mr. Nasim Aliev, and Skyro President Mr. Anthony Co.

Manila, Philippines – Sterling Bank of Asia (SBA) has extended a Php 370 million credit facility to Skyro, one of the fastest-growing fintech companies specializing in financial lending services. This partnership supports Skyro’s expansion and strengthens its capacity to offer seamless digital lending services nationwide.

“We are committed to empowering fintech companies like Skyro, which drive financial inclusion and digital transformation in the Philippines,” said Mr. Jose S. Ison, Jr., Senior Vice President of the Commercial Lending Group at Sterling Bank of Asia. “By extending this credit facility, we reaffirm our confidence in Skyro’s vision and its potential to reshape the financial technology landscape.”

The Php 370 million credit line will enable Skyro to scale its operations, expand its digital lending infrastructure, and enhance its service capabilities. This funding will accelerate Skyro’s mission of providing fast and accessible financial solutions to underserved communities.

“We are grateful for the trust and support of Sterling Bank of Asia,” said Mr. Nasim Aliev, Co-Founder and Co-CEO of Skyro. “This credit facility will help us drive financial accessibility and continue delivering secure, efficient, and customer-centric digital lending solutions.”

Sterling Bank of Asia remains committed to supporting the growth of the fintech sector through collaborations that foster economic progress and financial inclusivity in the Philippines.

About Sterling Bank of Asia

Sterling Bank of Asia is a leading thrift bank in the Philippines, dedicated to providing accessible and innovative banking solutions to individuals, SMEs, and corporate clients. With a strong emphasis on customer service and financial inclusion, the bank continues to expand its digital capabilities to meet the evolving needs of the market.

About Skyro

Skyro is a fintech brand launched in the Philippines in August 2022 and backed by Breeze Ventures, a global fintech company based in Singapore. Its Philippine operations are powered by Advanced Finance Solutions, Inc. and Skyro Lending, Inc., both registered with the Philippines' Securities and Exchange Commission (SEC).