|
|
|
|
|
HONG KONG, Nov 30, 2022 - (ACN Newswire) - AEON Credit Service (Asia) Company Limited ("AEON Credit" or the "Group"; Stock Code: 00900) today announced that it has secured its sustainability-linked loan framework and entered agreements for three sustainability-linked loans (the "Loans"), with Mizuho Bank, Ltd., Hong Kong Branch, MUFG Bank, Ltd., Japanese Corporate Banking Division (Hong Kong) and Sumitomo Mitsui Banking Corporation, Hong Kong Branch, (the "Lenders"), with a total carrying amount of HK$320 million and a term of three years. The Loans are the Group's first sustainable financing initiative and strengthens its commitment to endorsing and developing in the sustainability arena.
Sustainability performance metrics have been set in accordance with AEON Credit's existing Sustainability Development Policy, and will be assessed on an annual basis by the external reviewer, the Hong Kong Quality Assurance Agency. As mutually agreed with the Lenders, the Group will be entitled to receive interest rate savings for the Loans as an incentive for the achievement of the predetermined sustainability-linked targets.
Mr. Tomoharu Fukayama, Managing Director of AEON Credit, said, "We are delighted to have arranged the Group's sustainability-linked loan framework for bank financing, which emphasizes our long-term commitment to the advancement of sustainable development. As the basis for AEON Credit's vision, mission and core values, we are well aware that responsible corporate practices are integral to assuring the betterment of the environment and society, as well as to creating additional long-term value for our shareholders and business partners.
"Through integrating sustainability-linked targets into the assessment of the Group's business and financial performance, we aim to reinforce the incorporation of sustainability practices into our operations so as to positively impact and contribute to the transformation of a greener and more sustainable capital market. Looking ahead, we will continue to proactively seek further opportunities to expand our sustainable financing portfolio and look forward to taking our stakeholders along on our sustainability journey."
About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)
AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.
For more information, please visit the company's website at www.aeon.com.hk.
Topic: Press release summary
Source: AEON Credit Service (Asia) Company Limited
Sectors: Cards & Payments
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| AEON Credit Service (Asia) Company Limited |
| Apr 5, 2024 13:14 HKT/SGT |
|
AEON Credit FY2023 Revenue Up 31.8% to HK$1,623.3 Million with Healthy Sales and Receivables Growth |
| Jan 4, 2024 20:11 HKT/SGT |
|
AEON Credit Revenue Up 34.4% to HK$1,192.9 Million in First Nine Months of FY2023, Profit Rises 12.8% to HK$282.3 Million |
| Sept 28, 2023 13:41 HKT/SGT |
|
AEON Credit Revenue Up 37.0% to HK$783.1 Million in 1H2023, Profit Increases 8.3% to HK$191.4 Million |
| June 29, 2023 22:40 HKT/SGT |
|
AEON Credit Revenue Jumps 36.2% to HK$380.0 Million in First Quarter of 2023/24, Profit Increases by 17.3% to HK$97.0 Million |
| Apr 4, 2023 13:40 HKT/SGT |
|
AEON Credit Revenue Up 17.3% to HK$1,231.6 Million in FY2022, Sales Jump 32.7% and Receivables Surpass Pre-Pandemic Level Reaching Record High |
| Dec 21, 2022 18:43 HKT/SGT |
|
AEON Credit Revenue of First Nine Months of FY2022/23 Up by 15.2% to HK$887.4 million following Improved Market Sentiment and Successful Mass Promotion Activities |
| Sept 26, 2022 14:33 HKT/SGT |
|
AEON Credit 1H2022 Revenue Up by 11.8% to HK$571.7 Million |
| June 23, 2022 19:48 HKT/SGT |
|
AEON Credit (00900) 1Q2022 Revenue up by 9.7% to HK$279.1 million |
| May 3, 2022 21:39 HKT/SGT |
|
AEON Credit Service Launches AEON CARD WAKUWAKU at the Forefront in Addressing Consumer Spending Habits Amid New Normal |
| Apr 6, 2022 13:54 HKT/SGT |
|
AEON Credit (00900) FY2021 Profit Up by 13.6% to HK$342.6 Million |
| More news >> |
 |
|
|
|
