Security Bank and strategic partner Mitsubishi UFJ Financial Group named “Bank of the Year for 2016” for the Philippines and Japan

(L-R): Managing Director of The Bank of Tokyo–Mitsubishi, UFJ Ltd. Masakazu Osawa and Security Bank President & CEO Alfonso L. Salcedo, Jr.

Security Bank delivers BetterBanking to its valued customers along with access to MUFG’s global network, both banks recognized at the prestigious global banking awards program.

Security Bank Corporation (PSE: SECB) has been named “Bank of the Year-Philippines” for 2016 by The Banker, the renowned international Banking and Finance publication of the Financial Times Ltd.  This is the third time in five years that Security Bank has received this distinction, having won the award in 2012, 2015 and 2016.  The Banker cites Security Bank’s physical network, digital offering and foreign capital infusion as some of the reasons it won the Bank of the Year award in the Philippines for the second year in a row.

Security Bank President & CEO Alfonso “Yogi” L. Salcedo received the award during the black-tie dinner awards ceremony held at the Hilton London Bankside on December 7.

The award is made even more meaningful because Security Bank’s strategic partner, Mitsubishi UFJ Financial Group (MUFG) has likewise been awarded ‘Bank of the Year-Japan’ for 2016.  This double recognition at the prestigious global banking awards program affirms the coming together of the two banking institutions.

The ‘Bank of the Year’ Award is regarded as the “Oscars of the global banking industry” and is the world’s longest running international banking title at 90 years.

 A Partnership of Strength

In April 2016, Security Bank received a capital infusion of P36.9 billion from MUFG representing 20% equity share and increasing Security Bank’s capital base to P94 billion.

The Security Bank-MUFG alliance has been yielding promising results, giving Security Bank customers the distinct advantage of having access to MUFG’s global network and diversified range of financial services – excellent service from the best banks of the Philippines and Japan.  New relationships with Japanese corporations are also developing. The Bank is poised to maximize its collaboration with MUFG to better serve Japanese customers in the country.

Bringing the BetterBanking experience to more customers

 Security Bank continues to invest in digital product innovations and aggressive branch expansion projects to continue its thrust to become one of the country’s top private domestic universal banks.  “We are also investing for scalability of our business, making major investments in IT, people and branches,” said President & CEO Yogi Salcedo in the awards issue of The Banker.

Security Bank continues to transform itself to make its business more responsive to the needs of its customers.  The Bank of the Year award inspires Security Bank to ensure that the BetterBanking experience is making a difference in the lives of the banking public.  For Security Bank, the back-to-back win is a continuing challenge to consistently deliver excellence rooted in its 65-year history.

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