The Philippines has one of the most concentrated banking systems in Asia Pacific. For businesses outside the major conglomerate ecosystems, private credit has become an increasingly important source of corporate capital.
Published by
Donald Klip | Co-Founder, Global Mortgage Group | Head, GMG Capital Advisory
30 years of institutional finance. Former hedge fund founder. Senior roles at top global investment banks. GMG Capital Advisory arranges private credit and special situations finance of $10M–$100M for operating companies across Asia Pacific.
[email protected] | +65 9773 0273 | Singapore · Hong Kong | Asia-Pacific
For operating companies in Philippines, private credit has become the most reliable source of corporate capital when banks cannot serve the full structure.
The Banking Environment in Philippines
Philippine banking is dominated by a small number of large family-controlled conglomerates whose affiliated banks: BDO Unibank, Metropolitan Bank, Bank of the Philippine Islands, and Security Bank, prioritise lending within their own corporate ecosystems. For businesses outside these ecosystems, independent mid-market companies, foreign-owned businesses, and operators in sectors not affiliated with the major conglomerates, access to meaningful corporate credit is limited, slow, and typically conditional on collateral that most mid-market businesses cannot easily provide.
The Private Credit Opportunity
Private credit for Philippine operating companies is typically arranged through offshore holding structures, Singapore or Hong Kong entities that lend against Philippine operating assets. Active sectors include business process outsourcing, manufacturing, real estate development, healthcare, hospitality, and agricultural processing. Personal guarantees from HNWI Filipino business owners are frequently significant, the Philippines has a large population of high-net-worth families whose personal guarantees provide meaningful credit enhancement for mid-market transactions.
GMG Capital Advisory in Philippines
GMG Capital Advisory has structured corporate private credit transactions for Philippine-operating businesses and understands the specific legal and structural requirements for security arrangements involving Philippine assets and entities.
The Philippine private credit market is growing. Well-structured transactions with strong security packages can access capital from Singapore-based lenders with genuine Asia Pacific regional coverage.
About GMG Capital Advisory
Donald Klip | Co-Founder, Global Mortgage Group | Head, GMG Capital Advisory
Donald Klip has 30 years of institutional finance experience spanning hedge fund management and senior roles at the world’s top global investment banks. GMG Capital Advisory specialises in arranging and structuring corporate debt financing of $10M–$100M for operating companies, asset owners, and project sponsors where conventional bank lending is unavailable, insufficient, or too slow. We operate across 23+ jurisdictions in Asia Pacific.
www.gmg.asia | [email protected] | +65 9773 0273 | Singapore · Hong Kong
The Debt Desk
Corporate private credit intelligence for Asia Pacific’s $10M–$100M middle market. Published by GMG Capital Advisory. Part of the Private Credit Asia content series.
www.gmg.asia | Read all 41 articles in the series
