Leaders in NPL restructuring

Recognized as one of the pioneer FIST-Corporations in the Philippines, ARGO Global Servicing aims to assist financial institutions in maintaining liquidity and healthy capitalization. With over 169 banks across Asia as clientele, ARGO Global Servicing is confident it can provide the same expertise and efficiency to local banks in the Philippines .

What is FIST-C?

Enacted on February 16,2021, Financial Strategic Transfer Act or the FIST Act (RA 11523) aims to aid in the country’s economic recovery from the dire effects of the COVID-19 pandemic by allowing Financial Institutions such as banks to sell bad and non-performing loans to asset management companies. These asset management companies will be referred as Financial Institutions Strategic Transfer Corporations (FIST Corporations).

FIST Corporations will then manage, operate, collect, and dispose of non-performing assets acquired from financial institutions (banks). As an effect, financial institutions become more liquid and can continue lending activities to borrowers.

IMPORTANT NOTICE

ARGO GLOBAL LENDING CORPORATION does not solicit loans to unspecified individuals by direct mail, brochures, phone calls, etc., nor do we ask customers to pay money in the name of loan guarantees, etc. If you receive any suspicious notice or communication in the name of ARGO GLOBAL LENDING CORPORATION, please do not immediately accept the request, but rather confirm it with us or contact the police or other relevant authorities.

ARGO GLOBAL LENDING CORPORATION only communicates through its official channels and not through third party accounts.

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