Security Bank’s trademark service of BetterBanking strongly supports the thriving SME industry in the Philippines.
Security Bank Corporation (PSE: SECB), one of the country’s most awarded banks, has been recognized as the “Best Bank for SMEs – Philippines” at the Asiamoney Country Awards 2017 held in Beijing, China, for its consistent and remarkable performance in boosting the country’s economic status by supporting SMEs and promoting SME-related services.
The award is a testament to Security Bank’s continuous initiatives in supporting the small scale, home-grown enterprises in the Philippines. “Productive and profitable, [Security Bank] is one of the most robust lenders the Philippines has to offer. But its real talent comes to the fore when catering to the country’s growing army of small and medium-sized enterprises,” Asiamoney elaborated.
With the fresh capital infusion by its strategic partner Japan’s Mitsubishi UFJ Financial Group, Inc. (MUFG) in 2016, Security Bank has been able to provide more financing to SMEs, sustaining further job generation and financial inclusion. Asiamoney singled-out the Bank’s SME Business Express Loan service that targets young firms looking to meet short-term funding needs. With minimal documentary requirements, fast approval and auto-crediting of funds, the service is tailor-fit to the growing needs of business owners. Through the SME Business Express Loan service, Security Bank has been able to consistently reach out to SMEs. In the words of a Manila-based banker, as published by Asiamoney, ”SMEs are their niche….They’re very strong.”
SVP & Adviser to the President Jeanette Keh and SVP & Head of Banking Centers Group Jorge Lindley Ong accepted the award on behalf of the Bank. Nominees underwent rigorous screening by a panel of senior journalists chaired by Euromoney’s editor and supported by client and competitor feedback.
“There is a thriving army of SMEs within the country that could contribute in boosting our economy if we give them the opportunity to flourish and reach their full potential. Security Bank is committed to be their partner-in-success. We are fully supportive in financing the future for the consistent growth of our economy,” said Ong.
The Asiamoney Awards program gives recognition to banks across Asia that have excelled across a range of core banking activities. Asiamoney is part of GlobalCapital, a leading news, opinion and data service for people and institutions using and working in the international capital markets.