5 Reasons Why You Should Choose Security Bank

Choose the convenient and hassle-free way to bank.

Did you know that Security Bank is among the six largest private domestic universal banks in the Philippines? In fact, the bank has been operating for 64 years since it was established in 1951. As of 2015, it has a total of 262 branches and 555 ATMs!

  1. Banking made easier.

To remove nuisances of inter-branch transaction charges, complicated mobile banking apps, and the inability to use one’s ATM card in foreign soil, Security Bank came up with Security Bank All Access Account, a new form of bank account that goes beyond providing people with a passbook and ATM card.

With just a minimum deposit of PhP 5,000.00, the Security Bank All Access Account not only frees one from basic inter-branch transaction frees, difficult mobile banking apps and app passwords using iOS thumbprint technology, this also allows account holders to send cash to anyone with a mobile phone, use their ATM card for withdrawals abroad and do international and online shopping with an ATM card that has a built-in MasterCard Debit facility.

  1. It’s a bank that gives back!

Last September 23, Security Bank Foundation, Inc. (SBFI), the corporate social responsibility arm of Security Bank Corporation, turned over a donation of P1 million to Philippine Red Cross (PRC) at the Security Bank Centre in Makati City. Security Bank has also showed support for breast cancer awareness by partnering with ICanServe Foundation, Inc., making it easy for cardholders to reach out to women with breast cancer by simply spending their rewards points online, Security Bank MasterCard and Diners Club cardholders gave donations, making their rewards points count!

  1. Two-time awardee as the Philippines’ Bank of the Year.

Security Bank Corporation (SBC) President and CEO Alfonso “Yogi” L. Salcedo receives the 2015 Bank of the Year-Philippines award from The Banker, the international Banking and Finance magazine of the Financial Times Ltd. SBC first received this recognition in 2012. The Bank of the Year Awards is regarded as the “Oscars of the global banking industry” and is the world’s longest running international banking title. Only one bank is selected per country based on overall banking excellence citing strong management, sound business model and prudent risk management approach.

“Security Bank regains the title it first won in 2012 as 2015 Bank of the Year – Philippines by The Banker. This year’s…” Posted by Security Bank on Friday, December 4, 2015

  1. Maynilad partnership.

Security Bank Corporation has partnered with Maynilad Water Services, Inc. to provide the Security Bank Bills Payment Collection Facility, allowing Maynilad retail customers the flexibility of choosing to pay their bills through the Bank’s various payment channels. Customers can choose to pay in cash, local check or debit to their Security Bank account during banking hours through the Bank’s network of over 260 branches strategically located in key business areas nationwide.

  1. All-time highs!

Security Bank Corporation (PSE: SECB) posted a record-high net income of Php 7.7 billion in 2015, which is 7% higher than previous year and translates to a 15.2% return on shareholders’ equity (ROE).

Loans increased 24% year-on-year to Php 240 billion while deposits grew 17% to Php 290 billion. Corporate/commercial loans increased 21%. Key consumer loan portfolios composed of home and auto loans and credit card receivables rose 67%. Total assets jumped 34% year-on-year to Php 532 billion.

 

This article was published on the Hola! Magazine website on February 28, 2016.

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