DAVAO CITY, May 19, 2026 – EMCOR and Salmon have officially solidified their collaboration with the signing of a Memorandum of Agreement (MOA). The ceremony, hosted at the JVR Conference Room in Bajada, Davao City, marks a significant milestone in enhancing financial services for Filipino consumers.
The signing was led by key leadership from both organizations: EMCOR and CTFSI President and Chief Operating Officer Nelson M. Aparejo, EMCOR Senior Vice President for Store Operations Alconrey R. Questo, and Salmon Finance Inc. President Vasiliy Kuznetsov. They were joined by executives and staff members from both companies to witness the formalization of the alliance.
This strategic partnership represents a major step toward delivering accessible, flexible, and customer-centric financing solutions nationwide. By integrating EMCOR’s established retail network with Salmon’s innovative financial offerings, the collaboration is designed to provide customers with more convenient and effortless ways to acquire products and services.
During the event, EMCOR President and COO Nelson M. Aparejo emphasized that the primary goal of the alliance is to broaden customer financing options and extend reach into more communities across the Philippines.
Through this MOA, EMCOR and Salmon reaffirm their mutual commitment to innovation, increased accessibility, and delivering superior value to the Filipino market. Moving forward, both companies are united by a shared vision of empowering customers through smarter, more inclusive financial solutions.
Founded in 1958, EMCOR (Engineering and Machinery Corporation) has grown to become a prominent retail player in the Philippines. With over 174 stores and a workforce of 2,100 across Mindanao, Visayas, and Palawan, EMCOR is a largest retailer of motorcycles, home appliances, furniture, computers, and IT products. Driven by the tagline “Bringing Comfort to You and Your Home,” EMCOR is consistently ranked among the top 500 corporations in the Philippines and remains dedicated to providing service excellence to its growing customer base.
Salmon Group is a technology-driven financial company building a banking and lending platform across Southeast Asia, starting with the Philippines. The Group operates a BSP-licensed bank, Salmon Bank (Rural Bank) Inc.; an SEC-licensed financing company, Salmon Finance Inc.; and a growing suite of financial products—all delivered through the Salmon app. Founded in July 2022, Salmon is backed by world-class investors, including the IFC (World Bank Group), ADQ/Lunate, and leading US venture investors, with a mission to deliver modern financial solutions for everyday Filipinos.
