Security Bank Corporation (PSE:SECB) was named Best Corporate Bank in the Philippines at the prestigious Asiamoney Best Bank Awards. Executive Vice President and Wholesale Banking Segment Head, John Cary Ong, and Senior Vice President and Corporate Banking Head, Yvonne Marcelo, received the honor on behalf of Security Bank at the gala dinner held at Marina Bay Sands in Singapore on September 26, 2023.
“Over the last year, Security Bank has stepped up its efforts to increase its market share, innovate, and deepen its commitment to social and environmental responsibility. The Wholesale Banking division generated 28% of total bank net income in 2022. The gains were across the board and indicative of a corporate banking team recalibrating the business toward greater growth,” noted Asiamoney in its assessment of Security Bank’s Corporate Banking Group (CorBank).
Further, Asiamoney recognized Security Bank as one of the country’s best capitalized private domestic universal banks, despite extreme volatility in 2022. The Bank’s broad scope and consistency in gains were highlighted as impressive achievements, as well as strengthened focus on key industry segments including healthcare and fast-moving consumer goods.
“At Security Bank, we believe in forging strong partnerships with our corporate clients by taking a proactive approach—understanding their needs, investing in what matters to them, and tailoring our BetterBanking solutions to resolve their pain points and address evolving business requirements. This recognition reflects our vision of customer-centricity and our mission to empower businesses through financial service excellence,” said John Cary Ong, Executive Vice President and Wholesale Banking Group Head.
Asiamoney, a prominent financial publication in the Asia-Pacific region, annually conducts rigorous evaluations of financial institutions across various categories, recognizing those that have demonstrated outstanding performance and have made significant contributions to the banking industry.
Security Bank’s win for Best Corporate Bank in the Philippines follows a series of other recent awards recently including Best Retail Bank in the Philippines (Alpha Southeast Asia); Best for High-Net-Worth Clients in the Philippines (Asiamoney); and Best Investor Relations Company – Philippines (Corporate Governance Asia).