Security Bank kicks off 2017 with Three Asiamoney Awards



Security Bank Chief Financial Officer Joselito Mape (center) receives the awards from GlobalRMB Editor Paolo Danese (left) and Euromoney Editor & Asiamoney Editor-In-Chief Clive Horwood (right) at the recent Asiamoney Awards in Hong Kong.

Security Bank Corporation (SBC) was named ‘Best Managed Company in the Philippines’ and ‘Best for Investor Relations in the Philippines’ for 2016 by the renowned Asiamoney Awards organized by GlobalCapital Asia.

“We are humbled to receive these awards as recognition of Security Bank’s position as one of the best providers of financial services and shareholder value.  We introduced the promise of BetterBanking three years ago and we are happy that we have consistently delivered and exceeded expectations,” SBC President & CEO Alfonso Salcedo, Jr. said.

In the same awards dinner, SBC Chairman Abet Villarosa was awarded “Best Executive in the Philippines” for 2016.  Mr Villarosa was elected Chair of the Bank in April 2015 after serving as its President & CEO for 11 years.  The Best Executive Award is given to the executive evaluated on personal leadership, vision and management skills.

“These awards are a testament to the undeniable value of Security Bank to our customers.  I believe we would not have received this award without the help of our strategic partners, our everyday leaders from top management down to our front-line employees, and our devoted clients who continue to believe in BetterBanking,” Mr. Salcedo remarked.

Mr. Salcedo emphasized that the Bank’s strategic alliance with Japan’s largest financial group Mitsubishi UFJ Financial Group (MUFG) opened up more opportunities in 2016.

“Especially now with the entry of our Japanese partner, we are optimistic that we can deliver and overdeliver on our promise of BetterBanking in the years to come,” Mr. Salcedo added.

The Bank has been a consistent winner in the annual Asiamoney Awards, garnering three awards in 2015, five in 2014, and the Best Domestic Bank Award in 2013.

The Asiamoney New Year Awards Night held on February 22 at the Conrad Hotel in Hong Kong recognized leaders and best-managed companies in Asia that have made significant contributions to the advancement of the financial sector.  An esteemed jury of fund managers and investors reviewed the financial performance of various companies to select best-managed firms in Asia.

Security Bank’s Chief Financial Officer Joselito E. Mape and Chairman Villarosa personally received the awards during the ceremony.

Asiamoney’s Best Managed Company award is given to institutions that manifested a rising market share, corporate governance, executive leadership, leadership in its industry, and an outstanding and consistent financial performance.  The Best for Investor Relations award is given to institutions that exhibited improved and proactive investor relations over the past year. Security Bank ranked first in the ‘Best for Investor Relations’ category receiving 23.33% of the votes.

GlobalCapital Asia, a leading news and capital markets platform, organizes the annual Asiamoney Awards to recognize top performing institutions in the region.  This year, polls covered the markets of 13 countries and received 182 entries from 115 different institutions across the region.