Security Bank lauded for Corporate Governance at 8th Asian Excellence Awards

Security Bank bagged three major awards at Corporate Governance Asia’s 8th Asian Excellence Awards held in Hong Kong on June 8, 2018.  For the third year in a row, Security Bank President & CEO Alfonso Salcedo, Jr. was recognized as “Asia’s Best CEO (Investor Relations, Philippines)”.  For the second year in a row, Security Bank EVP Joselito E. Mape was named “Asia’s Best CFO (Investor Relations, Philippines)”.  Security Bank was lauded as the “Best Investor Relations Company, Philippines” for the fourth consecutive year.

According to Corporate Governance Asia, the most authoritative voice on corporate governance practices in the region: “Through the Investor Relations Program, Security Bank has observed high standards in furnishing the investment community with its strategic, operating and financial information through adequate and timely disclosures to the regulatory authorities…  Security Bank welcomes ongoing engagement with its shareholders and institutional investors to further enhance their collaboration with each other, which is essential to achieve the bank’s corporate goals and objectives.”

“We understand the importance of engaging and being transparent with our stakeholders.  Together with them, we constantly explore ways to identify areas for improvement,” Salcedo said.

Security Bank’s awards came at an opportune time when Asia is gaining traction as an ideal investment destination.  Aside from competitive products and financial performance, it is through good corporate governance that banks can demonstrate leadership not only in the Philippines but also in Asia.

Through its comprehensive investor relations programs and other key initiatives, Security Bank commits to sustain its culture of good governance.  “As the trusted financial partner of our stakeholders, it is our responsibility to embrace and promote good corporate governance.  Security Bank shall continue to inspire excellence and achieve even higher standards of corporate governance,” Salcedo added.

“Moving forward in 2018, Security Bank has placed itself in a very strong financial position and is committed to continue to transform and innovate which will ultimately deliver an upgraded BetterBanking to all its clients,” Corporate Governance Asia affirmed.

The Asian Excellence Awards program is designed to recognize achievements and excellence in management acumen, financial performance, corporate social responsibility, environmental practices and investor relations.  These awards are in the tradition of the high standards set and upheld by Corporate Governance Asia.

EVP & Retail Banking Segment Head Maki Tingson (in photo) received the awards on behalf of Security Bank.