Security Bank and CEPALCO partner for a hassle-free collection service


Left to Right: CEPALCO SVP and Finance & Administrative Services Division Head Cesar Cabualan, CEPALCO President & Chief Operating Officer Chiquita Capili, Security Bank SVP & Transaction Group Head Daniel Yu, Security Bank FVP & Relationship Manager Louie Maloles, and Security Bank FVP & Cash Management Division Head Dennis Joy Ejercito led the signing ceremony.

Security Bank and Cagayan Electric Power and Light Company, Inc. (CEPALCO) signed an agreement allowing CEPALCO customers to conduct hassle-free payments through any of Security Bank’s channels that suit their preference. Customers can choose to pay in cash, local check or debit from their SBC account in any of Security Bank’s more than 290 branches strategically located in key business areas nationwide. They can also opt to enroll in Security Bank Online (the Bank’s retail Internet banking facility) and conveniently make payments beyond business hours. The signing ceremony was held on February 16, 2017 at the CEPALCO Head Office in Cagayan de Oro City.

Security Bank is widely recognized for its product innovation and technology-based financial solutions. The Bank was recognized by The Asset Triple A Transaction Banking Awards as the Best Cash Management Bank in 2016 and as the Best Service Provider – eSolutions Partner Bank from 2013 to 2016. In addition, The Asset Triple A Digital Enterprise Awards 2015 and 2016 awarded Security Bank as the Best Electronic Bank for the Philippines. The Bank has also been named as “Bank of the Year-Philippines” for 2016 by The Banker, a distinction which it also won in 2015 and 2012.

CEPALCO is continuously nurturing and achieving its vision of becoming the best electric distribution utility in the country. The Company’s electric utility operations history dates back to January 1952 when it generated its own power through a diesel generator rated at 400 kilowatts, serving about 750 customers within Cagayan de Oro City through a 2.4 kilovolt primary distribution system. Today, CEPALCO has become one of the most responsive and dependable electric distribution companies in the country, equipped with modern facilities and an efficient and reliable electric distribution service network. CEPALCO now ranks as the fourth largest electric service company in the country.