Security Bank, PhilCement sign P875-m loan deal

 (L-R) Security Bank, represented by SVP Yvonne Joanna Marcelo; EVP & Wholesale Banking Segment Head Eduardo Olbes; and President & CEO Alfonso Salcedo, Jr., inks funding agreement with PhilCement, PHINMA Group’s cement unit, represented by President & CEO Eduardo Sahagun; Chairman Victor Del Rosario; and Treasurer & Director Roberto Lavina.  The P875-million loan agreement partially funds the construction of PhilCement’s cement terminal in Mariveles, Bataan which is set to be completed in Q3 2019.

The five-year fixed term loan agreement is aligned with the current administration’s “Build, Build, Build” agenda.  Security Bank is the sole financial institution involved in funding the project.

Security Bank is widely recognized for its product innovation and customer-focused financial solutions.  Headlining the Bank’s prestigious citations are its “Best Digital Bank Philippines 2017” recognition from London-based Capital Finance International and “Best Bank Philippines 2018” award from pioneer financial magazine Global Finance.