Security Bank Corporation (SBC) expanded its scholarship program to provide more opportunities to deserving but financially-challenged students of the Ateneo De Manila University. To reinforce SBC’s commitment to its education advocacy, the Bank increased the number of slots in its existing Security Bank Foundation College Scholarship Program by donating two million pesos (Php 2,000,000) to the Amando M. Tetangco, Jr. Ateneo Scholarship Fund in honor of the former governor of the Bangko Sentral ng Pilipinas.
The scholarship commitment was formalized through a donation turnover and signing ceremony held last August 14, 2019 at the Security Bank Centre. The commitment aims to support Ateneo’s goal to have an inclusive student population, 30% of whom are scholars. The Security Bank-Ateneo scholarship partnership began as early as the mid-1990s when Security Bank Foundation had its first scholar who is an Atenean.
“We are committed to our BetterBanking promise of creating better opportunities for all. Our Bank’s strategy emphasizes the responsibility to participate in social development as articulated in our mission of enriching lives, empowering businesses and building communities through financial service excellence,” said Mr. Sanjiv Vohra, President & CEO of Security Bank Corporation.
“We believe that deserving students should be given the opportunity to finish their education notwithstanding financial limitations. Through our scholarship programs and other education initiatives, Security Bank hopes to create a brighter tomorrow for the next generation of Filipinos,” added Mr. Rafael Simpao, Jr., chairman of Security Bank Foundation.
Ateneo De Manila University, as the academic partner of the scholarship programs, affirmed its commitment to help Security Bank achieve its goal of molding the youth to become better and productive citizens of the country. “I would like to assure you that the scholars who will be supported by this gift of education will be formed to be better persons. We will also make these scholars realize that many gifts have been given to them and that they should use their talent for others, not just for themselves,” said Fr. Jose Ramon Villarin, president of the Ateneo De Manila University.
For School Year 2019-2020, Security Bank Foundation has provided educational assistance to 407 scholars nationwide, which is a 24% increase from the total number of beneficiaries last school year.