VinFast and Green GSM secure financing for Philippine electric vehicle expansion

SB Finance, a joint venture of Security Bank and Krungsri, signed a memorandum of agreement with VinFast Auto Philippines to provide retail financing for VinFast’s upcoming electric motorcycles. The program offers up to 100% loan‑to‑value, zero‑down options and repayment terms of up to 36 months, with sales expected to begin in July 2026. "Electric mobility is no longer a niche conversation. It is becoming a real market shift," said Abbie Dans‑Casanova, President and CEO of SB Finance.

Green GSM Philippines obtained a ₱2 billion credit facility from Philippine National Bank to support the expansion of its all‑electric ride‑hailing service. The partnership also introduced digital account‑management and payment systems to streamline driver onboarding. "We appreciate Green GSM’s long‑term development direction in the Philippines, not only in advancing low‑emission mobility, but also in the way the company is building an operating model with scalability and clear governance foundations," said Edwin R. Bautista, PNB CEO.