The Banker names Security Bank ‘Bank of the Year-Philippines’ two years in a row

Security Bank Corporation (PSE: SECB) has been named “Bank of the Year-Philippines” for 2016 by The Banker, the renowned international Banking and Finance publication of the Financial Times Ltd. This is the second straight year and the third time that Security Bank has won this distinction, having been recognized in 2012.

Security Bank President and CEO Alfonso “Yogi” L. Salcedo received the award during the awards dinner held on December 7 at the Hilton London Bankside. Salcedo cited the Bank’s strong focus on executing its retail banking and rebranding strategy which started in 2014. For the past two years, the Bank has been growing its retail banking business to complement the strengths of its wholesale and financial markets businesses.

“We are most honoured and humbled to receive this recognition,” Salcedo said. “This award reaffirms that we are on the right track in pursuing our vision to become one of the Philippines’ top private domestic universal banks. As ‘Bank of the Year’, Security Bank is determined more than ever to give our best in delivering the BetterBanking experience to our customers and stakeholders. We shall remain focused and consistent in meeting the needs and expectations of our existing and potential customers.”

The Banker is now celebrating its 90th year, making The Bank of the Year Awards the world’s longest running international banking title. It is regarded as the “Oscars of the global banking industry”, with only one bank selected per country based on overall banking excellence, strong management, sound business model and prudent risk management.

Photo shows SBC President Salcedo (center) accepting the award from Asia Editor of The Banker Stefania Palma (right) and awards host Michael Buerk (left) during the awards ceremony in London.