SAFC, a leading and rapidly expanding financial institution in the Philippines, held its highly anticipated 2023 Annual Stockholders’ Meeting at the prestigious Marco Polo Hotel Ortigas. As a subsidiary of the renowned Asialink Group of Companies (AGC), SAFC has firmly established itself as a key player in the industry, standing alongside esteemed affiliates, Asialink Finance Corporation (AFC), and Global Dominion Financing Inc. (GDFI). This in-person gathering was a momentous milestone for SAFC, marking a return to face-to-face interactions after years of virtual meetings. The event brought together AGC’s directors, shareholders, and SAFC leaders, creating an atmosphere brimming with excitement and gratitude as SAFC showcased its remarkable growth and outstanding achievements throughout 2022.
The theme of “Resiliency Across Any Adversity” defined SAFC’s 2022 Annual and Sustainability Report, revealing a tale of strength and perseverance. Despite facing challenges during the past year’s global pandemic, the company’s resilience shone through, proving its ability to thrive even in difficult circumstances. Over the past five years, SAFC’s growth has been truly impressive, boasting three key compound annual growth rates (CAGR) that reflect its resounding success. The company achieved an average yearly growth rate of 47.8% in total income, highlighting its capacity to generate sustainable revenue.
Furthermore, SAFC’s total assets demonstrated an extraordinary CAGR of 49.98%, reflecting the company’s solid financial foundation and robust expansion. With consolidated assets amounting to an impressive ₱4.6 billion at the year’s end, SAFC showcased consistent growth and stability.
The most remarkable achievement was seen in SAFC’s net income, which exceeded all expectations. Soaring from ₱15.10 million in 2017 to an outstanding ₱307.85 million in 2022, the company achieved an impressive annual growth rate of 82.8%. This exceptional performance not only surpassed pre-pandemic levels but also marked a significant milestone, crossing the coveted ₱300 million threshold in net income.
In celebration of its 20th anniversary, SAFC took pride in announcing the establishment of its CSR arm, SAFC HEROES, earlier in the year. This initiative focuses on three core thrusts: Green Hero for Environmental Sustainability, Life Hero for Health and Wellness Promotion, and Love Hero for Community Development. SAFC’s commitment to corporate social responsibility and its aspiration to create a positive impact on society are clearly evident through this initiative.
The company’s unwavering dedication to excellence and responsible growth ensures a promising future not only for SAFC but also for its valued stakeholders, clients, and the communities it proudly serves. During his address at the meeting, SAFC President and Managing Director Joel C. Cruz emphasized how the company’s dedication to delivering value has evolved, extending beyond shareholders to encompass the well-being and prosperity of all stakeholders. He encouraged everyone to continue paving the way toward a sustainable and prosperous future together.
SAFC Chairman Ruben Y. Lugtu II and SAFC Chief Executive Officer Robert B. Jordan Jr. also delivered inspiring messages during the Annual Stockholders’ Meeting. They highlighted SAFC’s groundbreaking milestones, emphasizing the unwavering commitment that allowed the company to continue serving its customers and driving growth even during challenging times.
As SAFC celebrated its phenomenal growth and extraordinary accomplishments throughout 2022, the company stands poised to embark on new ventures and open ten new branches as part of its expansion plans. The 20th anniversary marks a milestone worth commemorating, while the establishment of SAFC HEROES amplifies the company’s commitment to making a lasting difference in the world. With strong leadership, unwavering commitment, and an innovative mindset, SAFC continues to pave the way for success in the Financial Services industry.
