Security Bank Caps 2025 Expansion with 377 Branches Nationwide

Makati, Philippines – Security Bank Corporation capped off 2025 with the opening of five new branches in December, bringing its nationwide branch network to 377 branches and reinforcing its commitment to making banking more accessible and inclusive across the country.

The December openings mark a strong finish to a year of sustained expansion, reflecting Security Bank’s continued focus on bringing BetterBanking closer to more Filipinos, supporting households, entrepreneurs, and growing communities nationwide.

In Luzon, the Bank opened new branches in Guagua, Pampanga and Batangas City Highway, strengthening its presence in high-growth corridors serving both residential communities and key transport routes. In Metro Manila, the opening of Caloocan–Camarin enhanced access to banking services in a strategically located and rapidly developing area.

In the Visayas, new branches in Calbayog and Cebu–Mahi further extend the Bank’s reach to communities that support local enterprises, regional trade, and a growing base of individual and SME clients. 

“This month’s branch openings are yet another affirmation of our unwavering commitment to customer-centricity. It is a deliberate investment in what truly matters: the needs, convenience, and aspirations of our clients,” said Leslie Cham, Executive Vice President and Branch Banking Head at Security Bank. 

As its network grows, Security Bank continues to elevate the in-branch experience. Each new location is designed to meet a wide range of customer needs—from everyday transactions to long-term financial planning—while seamlessly integrating with the Bank’s digital channels.

For more information on Security Bank’s products, services, and branch locations, visit www.securitybank.com or follow Security Bank on social media.

Allianz Donates up to 200,000 Euros for Typhoon Uwan PH Aid, Relief Efforts

As part of its mission to provide humanitarian relief in areas impacted by disasters, Allianz SE recently announced a significant donation of up to 200,000 euros in response to the devastation caused by Super Typhoon Uwan (international name: Fung wong) in the Philippines.

The powerful storm unleashed torrential rains and destructive winds in 16 regions across  the Philippines in mid-November, impacting 2.1 million families. Some of these regions were already reeling from the effects of Typhoon Tino (International Name: Kalmegi) that caused landslides and flooding only a few days prior. The back-to-back storms have intensified the humanitarian crisis, leaving communities in urgent need of support.

Rescue, Relief, Rebuild 

Allianz SE donated up to 100,000 euros to the German Red Cross to support the Philippine Red Cross’ urgent rescue and relief efforts for affected areas. In addition, aid of up to 100,000 euros will be allocated for post-disaster support, in collaboration with Allianz PNB Life and local partners. This funding will focus on disaster prevention and climate resilience, helping communities rebuild and enhance their preparedness for future events, underscoring Allianz's dedication to protecting more Filipino families.

Renate Wagner, Member of the Board of Management of Allianz SE, responsible for Asia Pacific, Mergers & Acquisitions, People and Cultures says, “At Allianz, we stand united with the people and communities of the Philippines, determined to help them recover following the recent typhoons. Through targeted financial relief and hands-on support, we’re helping families rebuild, businesses restart, and hope returns.”

Protecting what matters most

As a leading life insurer in the Philippines, Allianz operates through its local entity, Allianz PNB Life, serving thousands of customers and employees nationwide. With over 400 financial advisors working with its bancassurance partner, Philippine National Bank, and 2,000 LifeChangers catering to its Agency clientele, Allianz PNB Life is committed to safeguarding the future of its stakeholders, especially in times of crisis.

“At Allianz, we stand beside you throughout a natural catastrophe, helping protect what matters most: people first, then property and business continuity. We are committed to bolstering disaster relief efforts in the Philippines, thanks to the generous support of our parent company Allianz SE,” says Joseph Gross, CEO and President of Allianz PNB Life.

The increasing frequency and severity of natural catastrophes challenge the resilience of families, businesses, and economies. Insurers play a crucial role in these situations, providing the financial lifelines that accelerate recovery, empower rebuilding, and stimulate local economies.

Allianz is fully dedicated to Asia and its people. It represents a strategic growth region for Allianz Group, which already has established strong market positions throughout Southeast Asia. Besides the Philippines, Allianz is present with various business segments in China, India, Indonesia, Malaysia, Singapore, and Thailand, among others.  

E-wallet Use Jumps 75% in Sari-Sari Stores, Fueling Digital Transformation - Packworks Report

24 October 2025 Manila, Philippines — Sari-sari stores are rapidly digitalizing their operations, driven by a significant increase in e-wallet use, according to a new report from Filipino tech startup Packworks.

The report used their internal transaction records as the starting point to conduct a direct survey of more than 2,000 sari-sari store owners within Packworks' nationwide network of 300,000+ stores from January to August 2025.

According to the data, half of the store owners surveyed reported a 75% increase in e-wallet usage in their store operations between January and August. The remaining respondents also saw substantial growth: 20% experienced a 100% increase in usage, another 20% saw a 50% increase, and 10% reported a 10% rise.

Store owners largely attribute this growing adoption to increased consumer demand, as their customers are also turning to e-wallets to buy goods, access funds, and settle bills at their local stores. 

“Maraming nang nagpapa-cash-in at cash-out at bumibili gamit ang mga e-wallet. Dahil dumarami, gusto namin masabayan ang pangangailangan nila. Nakakatulong din naman ito sa amin para magkaroon kami ng dagdag kita,” (A lot of our customers are making cash-in and cash-out transactions aside from buying products with e-wallets. Since more customers are using them, we want to keep up with their needs. It also helps us earn a little extra), said Marijane Rea, a sari-sari store owner from Laguna.

Store owners are using e-wallets for a variety of business operations. About 40% use the platforms for in-store payments, 30% for bill payments, and the remaining 30% for cash-in and cash-out transactions.

This digital shift is quickly becoming a critical source of revenue. Around 13% of store owners say their e-wallet earnings equal their revenue from physical goods. Among the rest of the respondents, e-wallets still contribute significantly: 66% say that about 20% of their revenues come from e-wallet use, and the remaining 21% say their e-wallet earnings account for 10% of their total revenue.

GCash and Maya are the widely used e-wallets, with 85% of store owners reporting using GCash for their business transactions and 15% using Maya.

“Bukod sa kita namin sa tindahan, nagkaroon kami ng dagdag kita sa paggamit sa mga e-wallet kasi meron kaming tubo na PHP 10 hanggang PHP 20 sa pag-cash-in at cash-out, o di kaya tuwing nagbabayad ng kuryente, tubig, o internet ang mga customer,” (Besides the income we earn from the store, we also get extra earnings from using e-wallets because we earn a profit of PHP 10 to PHP 20 from cash-in and cash-out transactions, or whenever customers pay for electricity, water, or internet bills), said Rachel Miguel, a store owner from Bacolod. 

To increase their transaction capacity and meet surging customer demand, sari-sari stores are strategically using up to five e-wallet accounts. According to the report, with each account having a monthly limit of PHP 100,000 to PHP 500,000, the combined monthly transaction capacity is up to PHP 3.5 million.

This trend supports the 30% of store owners’ interest in upgrading their e-wallets to business accounts to maintain a higher monthly limit of PHP 1 million.

Data from the Bangko Sentral ng Pilipinas indicated that approximately 57% of total retail transactions were cashless in 2024, highlighting the increasing use of digital payments for everyday purchases and financial transactions.

Packworks Chief Platform Officer Hubert Yap highlights that sari-sari stores are rapidly embracing digital tools such as e-wallets to diversify their services and grow their businesses.

“The surge in e-wallet use proves that sari-sari stores are rapidly evolving into vital digital hubs for their communities. Aside from simply selling 'tingi' physical items, they are now diversifying their product range, offering high-margin, value-added financial services and integrating digital tools such as our app to fundamentally improve their operations and function as near-frictionless nano-banks for the neighborhoods they serve. These findings show that sari-sari stores have been at the forefront leading this digital transformation at the grassroots level,” cited Yap, “And there's an urgent need to support these micro-entrepreneurs with the right fintech to ensure they can fully capitalize on this opportunity, as they often say in sari-stores, a peso saved is a peso earned!” 

For more studies and data trends insights in sari-sari stores, you may visit http://packworks.io/ or Packworks’ Facebook page to learn more.

Security Bank Capital Marks 30 Years of Purpose-Driven Finance for a Sustainable Philippines

Makati City, Philippines, October 22, 2025 —Security Bank Capital, the investment banking arm of Security Bank Corporation, marks its 30th anniversary with a renewed commitment to financing a sustainable and inclusive future for the Philippines.

Since its founding in 1995, Security Bank Capital has played a key role in shaping the country’s capital markets—arranging over PHP1 trillion in funding for transformative projects in infrastructure, energy, real estate, mining, manufacturing, health care, and financial services. Through these transactions, the firm has helped drive economic growth, business expansion, and industry modernization.

“Our journey over the past 30 years has been defined by purpose-driven finance, said Virgilio Chua, President and CEO of Security Bank Capital, “We believe capital should not only generate returns—it should generate impact. Whether it’s powering homes with clean energy, building roads that connect communities, or supporting inclusive healthcare, our mission is to help industries grow responsibly and sustainably.”

Championing sustainable finance

In 2025, Security Bank Capital’s leadership in sustainable finance was recognized by top global financial publications. The firm was named the Philippines’ Best Investment Bank for Financing by Euromoney, awarded the Best Investment Bank in the Philippines by Alpha Southeast Asia, and received a “Highly Commended” citation by Finance Asia. These accolades, alongside past distinctions from The Asset, ESG Business, and Asian Banking & Finance, underscore its technical excellence and commitment to nation-building.

From 2022 to 2024, Security Bank completed and helped arranged over PHP1.7 trillion worth of bond issuances—providing long-term funding for renewable energy, real estate, infrastructure, financial services and the national government. It also closed approximately PHP362 billion in private and project finance deals, including landmark renewable energy, water, and digital infrastructure projects.

A notable milestone was a PHP150 billion project finance loan for an integrated 3,500MWp solar farm and 4,500MWh battery energy storage system—the world’s largest integrated solar and battery storage plant to date—supporting the Philippines’ renewable energy goals of 35% by 2030 and 50% by 2040.

The firm also jointly arranged a PHP100 billion syndicated project finance facility for a major mass rail transit project in Northern Metro Manila, aimed at improving connectivity, boosting trade, and generating jobs. In addition, it helped structure the country’s first sustainability-linked bonds, tying financing incentives to measurable environmental targets such as emissions reduction and renewable energy adoption.

Financing the next generation of Filipino enterprises

Ranked among the top five investment banks in both debt and equity capital markets, Security Bank Capital continues to guide Philippine enterprises toward responsible, sustainable growth.

“As we look to the future, our focus remains clear: to be the preferred partner for sustainable finance in the Philippines, Chua said.  “We’re investing in people, platforms, and partnerships that will help industries thrive while advancing our nation’s sustainability and development goals. Our legacy is not just in the deals we’ve closed—it is in the lives we’ve helped uplift and the future we’re helping to build.”

Security Bank Capital’s 30th anniversary is more than a celebration—it is a reaffirmation of its mission to lead with integrity, impact, and purpose for decades to come.

Security Bank Economic Forum 2025: Navigating Tariffs, trade, and ASEAN’s Next Moves

Makati, Philippines, October 16, 2025—Now in its 15th year, the Security Bank Economic Forum continues to be a premier platform for business and investors to understand trends driving growth and opportunity across ASEAN. This year’s theme, “Trump, trade, and the impact on ASEAN,” zeroes in on how shifting US trade and tariff policies are reshaping the region’s economic outlook and influencing strategies for resilience and growth.

“Global shifts—from US trade policies to geopolitical tensions—continue to reshape the flow of goods, capital, and talent. For Philippine businesses, these translate into real challenges such as supply chain disruptions and investment uncertainties,” said Cirilo P. Noel, Security Bank Chairman.  “At Security Bank, our BetterBanking promise means going beyond financial services to empower clients with insights that help them navigate complexity, adapt with resilience, and seize opportunities,” he added.

The forum featured thought leaders offering timely perspectives on the evolving global landscape. 

Curtis S. Chin, former U.S. Ambassador to the Asian Development Bank and Senior Advisor for Global Markets at the Milken Institute, explored how US trade and tariff policies under President Donald Trump are influencing ASEAN economies, and redefining partnerships.

“As geopolitical tensions rise, businesses must understand both the risks and opportunities of this new era. Tariffs and trade are not just economic issues—they shape the future of cooperation and competition in the region,” said Chin. “However, we should never forget that progress in any nation is ultimately up to its own leaders, its own citizens, its own businesses, its own communities, its civil society. Whoever is president of the United States or any other outside nation should be no excuse for not moving forward.”

Dr. Cielito F. Habito, former Socioeconomic Planning Secretary, unpacked the implications of shifting global policies on the Philippine economy—emphasizing strategies for resilience and inclusive growth.

“Many see opportunities for the Philippines along with the clear threats from tectonic shifts in the global financial and economic landscape, but in the end, we could well be our own worst enemy in navigating through all the changes happening,” Dr. Habito said. “We need fundamental policy and institutional reforms to avoid the real threats to the nation’s future arising from self-inflicted weaknesses, especially in our most basic assets: our people and our land.”

“Uncertainty is not an excuse to stand still. It’s a call for clarity, agility, and purpose.,” said Sanjiv Vohra, Security Bank President and CEO. “Forums like this embody our BetterBanking promise—bringing together ideas, connections, and strategies that help clients thrive amid change.”

The 15th Security Bank Economic Forum reaffirms the Bank’s commitment to fostering dialogue that drives informed decision-making. By convening global and local experts, the Bank continues to provide actionable insights that equip businesses to navigate volatility with confidence and purpose.

BetterBanking means being ready for what’s next. Learn more at www.securitybank.com.

Security Bank Grows its Luzon Network with Angeles–Friendship Branch

Makati, Philippines –   Security Bank has inaugurated its Angeles – Friendship Branch, further expanding its footprint in Central Luzon and bringing its signature BetterBanking experience closer to the community. The Angeles-Friendship Branch is the Bank’s 360th location, opened just ahead of the Naic branch in September, bringing the total network to 361 branches and counting.

“We've reimagined the traditional branch experience to provide a seamless blend of personal and digital interactions. From sleek, low counters that promote transparency and accessibility to our integrated digital platforms that enable fast, secure, and convenient transactions – every detail is crafted with our clients in mind,” says Leslie Y. Cham, EVP and Branch Banking Group Head of Security Bank.

Located in one of Pampanga’s busiest urban centers and a key access point to the Clark Freeport Zone, the Angeles–Friendship branch is positioned to provide convenient access to a full suite of financial solutions for both residents and businesses in the area. The new branch underscores Security Bank’s commitment to expanding in high-growth provincial markets, ensuring customers enjoy personalized service and seamless banking experiences that blend in-branch care with digital convenience.

The Angeles – Friendship Branch is open Mondays to Fridays, from 9:00 am to 4:30 pm.

For more information on Security Bank’s latest products, services, and branch locations, visit www.securitybank.com or follow Security Bank on social media.

Security Bank Announces Leadership Transition and Appointment of Next CEO

Makati City, September 30, 2025 — Security Bank has announced the appointment of Victor Lee Meng Teck as its next President and Chief Executive Officer (CEO). He is set to assume the role in early January 2026, following the completion of his work permit, visa, and other regulatory requirements. He will succeed Sanjiv Vohra, who will continue to lead the Bank until that time. Upon stepping down, Mr. Vohra will transition to the role of Senior Advisor to the Board.

Victor Lee is a Singaporean banker with over 30 years of leadership experience throughout Asia. Most recently, he served as CEO of CIMB Singapore and CEO of Growth Markets for CIMB Bank Berhad.

At CIMB Singapore, Mr. Lee spearheaded a period of strong growth, doubling revenue and raising Return on Equity to nearly 20%. Under his leadership, the bank was recognized by The Straits Times as one of the Top 3 institutions for customer experience for three consecutive years (2023–2025). He also fostered a culture where employees felt more engaged and valued, with satisfaction levels rising significantly during his tenure.

Sanjiv Vohra assumed leadership of the Bank just months before the onset of the global pandemic. Despite unprecedented challenges, he led the organization through transformational change—strengthening digital and customer-first strategies, building a culture that has made Security Bank an Employer of Choice, advancing its sustainability agenda, and positioning the Bank for long-term profitability.

“We’re grateful to Sanjiv for his steady leadership during one of the most challenging periods in recent history. His vision and dedication have left the Bank stronger, more resilient, and well-prepared for the future,” noted Cirilo Noel, Security Bank Chairman. “As we welcome Victor, we’re confident this seamless transition will allow us to sustain momentum and capture new opportunities.”

Mr. Vohra said: “As I prepare to step down, I leave with pride and gratitude in what we have accomplished together. Our journey over the past six years has been one of total transformation—reimagining Security Bank from front to back. We have strengthened our people, embraced new technology, modernized platforms, and, most importantly, embedded customer-centricity at the heart of everything we do. None of this would have been possible without the dedication and passion of our team, and the trust of our clients and partners. As I step aside, I am confident the Bank is well-positioned to continue its momentum and achieve even greater success in the years ahead.”

Mr. Lee adds: “I’m honored to be entrusted with this responsibility. Security Bank has built a strong reputation for customer-centricity, innovation, and its distinct BetterBanking experience. I look forward to working with Sanjiv, the Board, and all employees to continue building on this foundation and delivering sustainable growth for our stakeholders.”

Security Bank Capital named PH Best Investment Bank for Financing by Euromoney

Manila, Philippines – Security Bank Capital Investment Corporation, the investment banking arm of Security Bank, has been recognized as the Philippines’ Best Investment Bank for Financing 2025 at Euromoney’s Asia-Pacific Awards for Excellence.

 

Euromoney cited Security Bank Capital’s pioneering role in sustainable and large-scale financings, including:

Sustainability leadership - Arranging the country’s first sustainability-linked bonds for Ayala Land, Inc. worth PHP14 billion, with innovative step-up features tied to performance targets; and the oversubscribed PHP10 billion ASEAN green bonds for Energy Development Corporation.

Transformational infrastructure - Leading the landmark PHP52 billion project finance facility for New NAIA Infra Corp., a new benchmark for PPP airport projects.

Capital market depth - Closing nine major bond issuances in 2024 totaling PHP139 billion, including SM Prime’s PHP25-billion issue and SMC Tollways’ PHP35-billion debut—the largest in the market.

Energy transition financing - Delivering PHP91.8 billion in project finance, such as the 450MW 3 Barracuda Solar Project, the largest solar financing in Philippine history.*

Equity capital markets - Raising PHP40.1 billion across four equity deals, highlighted by Citicore Renewable Energy’s IPO and the largest preferred share offerings from Petron and Ayala Corporation.

 

“Security Bank Capital has cemented its position as a cornerstone of investment banking in the Philippines,” Euromoney noted. The recognition adds to the firm’s recent distinctions, including Best Investment Bank in the Philippines (Alpha Southeast Asia 2025), Best ESG House in the Philippines (Euromoney 2024), and Best ECM House – Highly Commended (FinanceAsia).

 

“This recognition by Euromoney is a testament to our role as a trusted partner in enabling our clients’ growth and the country’s sustainable development,” said Virgilio Chua, President and CEO of Security Bank Capital. “From renewable energy to infrastructure and inclusive finance, we remain committed to delivering solutions that power progress for businesses, communities, and the nation.”

Security Bank Offers 5Y Peso Bonds

September 22, 2025, Makati City, Philippines – Security Bank Corporation (“SECB”) announced today its fixed-rate peso bond offering with a minimum issue size of PHP5 billion, with an oversubscription option (the “Bonds”).

The Bonds will have a tenor of 5 years and will be marketed at a fixed rate of 6.0000% per annum. The public offer period will run from September 22 to October 17, 2025.* Minimum denominations have been set for PHP500,000 and increments of PHP100,000 thereafter.

Security Bank will list the Bonds on the Philippine Dealing and Exchange Corp. on October 29, 2025, to provide secondary market liquidity to investors who would like to trade the instruments.

The Bonds will be issued out of the Bank’s PHP200 billion Peso Bond and Commercial Papers Program. Proceeds will be used to support the Bank’s lending activities and expand its funding base.

“We’re excited about this peso bond offering as it further strengthens Security Bank’s funding base and supports our growth and lending activities. At the same time, it gives investors a high-quality peso investment with stable, predictable returns – underscoring the Bank’s financial strength and commitment to our clients.” said Jim Yap, Security Bank EVP and Financial Markets Segment Head.

Security Bank has mandated Philippine Commercial Capital, Inc. (“PCCI”) and Security Bank Capital Investment Corporation as Joint Bookrunners, Joint Lead Arrangers, and Selling Agents for this issuance.

Security Bank joins FTSE Asia Pacific Small Cap Index, Strengthening Global Visibility

21 September 2025, Makati City, Philippines – Security Bank Corporation (PSE: SECB) has been selected for inclusion in the FTSE Asia Pacific Small Cap Index, one of the region’s most recognized benchmarks used by global institutional investors.

The announcement, made as part of FTSE’s September 2025 quarterly review, reflects Security Bank’s growing stature in the Philippine financial sector and its consistent market performance. The inclusion took effect on September 19, 2025 (after close of business).

“This recognition underscores the trust that investors continue to place in Security Bank,” said Sanjiv Vohra, President & CEO. “Our commitment to delivering BetterBanking and creating long-term value for clients, communities, and shareholders is now being validated on a global stage.”

The FTSE Asia Pacific Small Cap Index forms part of the FTSE Global Equity Index Series (GEIS), a comprehensive framework covering large-, mid-, small-, and micro-cap stocks across developed and emerging markets. Within this series, the FTSE Global Small Cap Index represents over 5,800 stocks with a combined market capitalization of about USD7 trillion.

Built on clear, rules-based criteria, FTSE GEIS provides investors with a transparent and unbiased view of global equity markets. Constituents are screened for liquidity and investability to ensure the index remains tradable and representative. The index is calculated using both price and total return methodologies. To stay aligned with evolving market conditions, the index is reviewed and rebalanced on a quarterly basis.

Security Bank was among a select group of Philippine companies named in the FTSE review. Its addition highlights the Bank’s increasing relevance to international investors, who often use FTSE indices to guide investment decisions. 

“As we celebrate our 74th anniversary this year, being part of the FTSE Asia Pacific Small Cap Index reinforces our mission to be the most customer-centric bank in the Philippines,” added Vohra. “We see this milestone not only as market recognition, but as an inspiration to continue innovating and putting customers at the heart of everything we do.”

What is an MSCI ESG Rating and Why Security Bank’s ‘A' Matters

ESG ratings have become a key benchmark for investors, regulators, and customers to evaluate how well companies manage long-term environmental, social, and governance (ESG) risks. Among these standards, the MSCI ESG Rating is one of the most widely recognized globally—used by asset managers and analysts to assess companies’ resilience to issues like climate change, labor practices, and corporate ethics.

What is an MSCI ESG rating?

MSCI ESG Ratings aim to measure a company's resilience to long-term ESG risks. Companies are scored on a scale ranging from AAA (leader) to CCC (laggard), relative to industry peers. Ratings are based on a company’s exposure to ESG risks and its ability to manage those risks effectively. MSCI assesses multiple factors, including:

- Environmental: Exposure to carbon-intensive sectors, environmental policies, and resource efficiency

- Social: Labor practices, customer protection, product safety, and community impact

- Governance: Board independence, shareholder rights, and transparency in management practices

A higher rating signals to investors that the company is well-positioned to manage ESG challenges and seize opportunities in a changing business environment.

Why Security Bank’s ‘A’ rating stands out

Recently, MSCI upgraded Security Bank (PSE:SECB) to an ‘A’ rating, making it the only Philippine bank to hold this score today. This positions the Bank on par with leading banks in the Asia-Pacific region for ESG risk management.

MSCI cited the following as key drivers of the upgrade:

- Enhanced corporate governance: Stronger Board oversight, improved transparency, and better executive accountability practices

- Leadership in consumer protection: Top-tier performance in complaint resolution and customer data protection

- Robust cybersecurity measures: Strong controls around encryption, access management, and information security standards

- Refined ESG risk oversight in lending: Updated sustainability framework to moderate exposure to environmentally intensive sectors

“Being the only Philippine bank with an MSCI ESG ‘A’ rating is a clear signal that our governance, risk management, and sustainability practices are helping us realize our vision to be the best-in-class in sustainable banking,” said Sanjiv Vohra, President and CEO of Security Bank. “An MSCI ‘A’ rating is not just a badge—it’s a sign that we are managing ESG risks as effectively as the best in our industry.

Why it matters for customers and investors

For customers, an MSCI ‘A’ rating means the Bank is building systems and safeguards that protect their interests and the environment over the long term. For investors, it signals resilience and strategic foresight in navigating regulatory, environmental, and societal shifts.

The MSCI upgrade is one of several advancements in the Bank’s sustainability agenda this year. In May, the Bank became the first Philippine bank to join the Alliance for Green Commercial Banks, a global initiative spearheaded by the International Finance Corporation (IFC) and the Hong Kong Monetary Authority to accelerate sustainable banking practices. 

Additionally, the Bank partnered with IFC to expand its green financing portfolio and strengthen its institutional sustainability framework—enabling greater support for renewable energy, energy efficiency, and climate-resilient projects.

These developments, combined with the MSCI ESG ‘A’ rating, reinforce Security Bank’s position as a forward-looking organization committed to building a sustainable and inclusive economy.

Security Bank Wins Three Human Capital Awards for HR Innovation and Work-Life Harmony

Makati, Philippines – Security Bank has been recognized for its customer-centric strategy, receiving top honors by three prestigious award bodies. At the Economic Times Human Capital Awards (ETHCA), the Bank was lauded for Excellence in HR Transformation, while at the HR Excellence Awards 2025, it was named among the Best Companies to Work for in Asia–Philippines and for its commitment to work-life harmony. Moreover, the Bank was listed as one of HR Asia’s Best Companies to Work for in Asia–Philippines.

Security Bank received the bronze award for Excellence in HR Digital Transformation at ETHCA for its HCM System Transformation Project. Introduced in 2023, this initiative reshaped how the Bank manages and supports employees through HeRO (HCM Employee Resources Online)—a centralized platform that streamlines HR processes, improves productivity, and delivers a seamless employee experience.

Bank’s Employee Value Proposition, “You matter,” reflects its belief that taking care of employees enables them to take even better care of customers. This alignment of people and purpose reinforces Security Bank’s vision of becoming the most customer-centric bank in the Philippines.

The impact of the transformation has been significant: 99% satisfaction among new hires, 25% time savings for managers through HR automation, and a 67% boost in operational efficiency with cost savings from retiring legacy systems. Digital adoption has also surged, with 99% on web and 80% on mobile—clear proof of strong employee engagement.

Building on these successes, Security Bank was also recognized at the HR Excellence Awards 2025, earning the bronze award for Excellence in Work-Life Harmony. The recognition highlights the Bank’s programs that address employees’ diverse needs, including hybrid work, flexible benefits, enhanced leave options, day-one health coverage, and comprehensive wellness initiatives. Together, these efforts have strengthened inclusion and belonging—reflected in an employee engagement score of 78, well above the market average of 72.

Security Bank was also named among HR Asia’s Best Companies to Work for in Asia–Philippines, an award that recognizes organizations with strong employee engagement, inclusivity, and long-term development. Selected through surveys of 2.5 million employees and culture audits, the recognition affirms the Bank’s commitment to elevating the employee experience.

“Our promise of ‘You matter’ is not just to employees, but ultimately to our customers. When our people feel valued, supported, and empowered, they’re able to bring their best selves to work and serve our customers with greater care and empathy. These recognitions affirm that by investing in our employees’ growth and well-being, we’re also strengthening our ability to be the most customer-centric bank in the Philippines,” said Nerissa Berba, EVP and Chief People Officer of Security Bank.

These awards validate the Bank’s broader employer branding efforts, including its ongoing #YouMatter storytelling campaign, which showcases authentic employee experiences and strengthens the Bank’s position as a trusted workplace for growth and belonging.

By continuing to invest in its people, Security Bank is setting new benchmarks in the Philippines for HR transformation, workplace well-being, and people-first innovation.

GCash Highlights Role of National ID in Enabling Inclusive, Secure Finance at BSP Forum

A trusted digital identity system lays the foundation for true financial inclusion, helping ensure that every Filipino, regardless of their background or circumstances, can access essential financial services with confidence.

This was the central message at the recent Bangko Sentral ng Pilipinas (BSP) Forum on Digital Identity, where GCash, the country's leading finance finance super app and largest cashless ecosystem, shared how its integration with the National ID eVerify Authentication Service (NIDAS) is making identity verification easier, more accessible, and more inclusive to help more Filipinos, especially those with limited access to traditional IDs, open an account.

Held at the BSP Assembly Hall, the forum brought together leaders from government, financial institutions, and the tech sector to examine how digital identity can support more secure and inclusive financial systems. Guided by the theme “Building Trust and Synergy in Digital Identity for an Inclusive and Secure Financial System,” the discussions emphasized the need for collaboration, innovation, and user-centric solutions that address real-world access challenges.

Representing GCash was Joanne Avendaño, vice president and head of customer experience management, who shared the company’s experience as the first and only Electronic Money Issuer integrated with NIDAS. This enables GCash users to validate their identity using their National ID in real-time, eliminating the need for multiple traditional IDs, which many Filipinos today still lack. This approach has helped reduce drop-offs during onboarding and has improved the success rate of account creation, especially among underserved groups. Most importantly, it has helped streamline onboarding for a broader range of users.

“Our partnership with the Philippine Statistics Authority (PSA) has always been more than just ID acceptance. It’s a shared commitment to make sure that no Filipino is left behind in the digital economy,” said Avendaño. “By enabling real-time National ID validation and bringing services on-ground, we’re helping more Filipinos complete their verification journey with ease and confidence,” Avendaño added.

The forum also featured insights from the National Privacy Commission, World Bank, Korea Credit Information Services, and several units within the BSP. Topics ranged from data governance and consumer protection to practical implementation challenges and international benchmarks.

Avendaño joined fellow panelists from Asia United Bank, Seabank Philippines, Maya Philippines, and the Bankers Association of the Philippines in discussing the value of coordinated efforts, shared learnings, and responsible use of digital identity systems in strengthening public trust.

Beyond app integration, GCash has also worked with the PSA and local government units (LGUs) to support on-ground National ID registration and account onboarding events, which were held in schools, barangays, and underserved communities across the country. This approach brings both digital identity and financial access closer to Filipinos who need it most.

With digital ID adoption gaining momentum, GCash’s role as an early adopter highlights the importance of responsible integration, cross-sector collaboration, and community engagement in building a more accessible and inclusive financial ecosystem.

For more information, please visit www.gcash.com.

A Smarter Way to Bank

Makati, Philippines— MSMEs make up 99.5% of all businesses in the Philippines and employ over 60% of the country’s workforce—yet they continue to face systemic barriers to growth, from limited access to credit to persistent cash flow issues and administrative hurdles. Recognizing their critical role in driving inclusive economic development, Security Bank is addressing these gaps with customer-centric solutions tailored to the day-to-day realities of Filipino entrepreneurs.

Through its Business Banking Segment (BBS), launched in 2022, Security Bank offers tailored financing, multi-channel access, and expert support for MSMEs nationwide. Backed by strong investments in platforms, partnerships, and talent, the Bank is making business banking more responsive and intuitive.

This focused approach is driving strong growth: as of March 2025, MSME loans under BBS reached PHP 21 billion, up 50% from PHP 14 billion the previous year. 

“We’re committed to making banking simpler and more intuitive for entrepreneurs,” said John David Yap, EVP and Head of the Business Banking Segment. “By removing friction from everyday transactions and offering proactive guidance, we help MSMEs focus on what matters most: growing their business.”

Smart, convenient tools for modern businesses

Security Bank’s DigiBanker platform gives MSMEs a centralized system for payroll, tax remittances, supplier payments, and receivables management—cutting down manual tasks and improving operational visibility. For business owners, this means faster access to credit, fewer documentation hassles, and more time to run their operations.

“Security Bank has proven to be a reliable partner, offering competitive interest rates, accessible payment plans, and convenient digital banking services that allow us to monitor our transactions in real-time,” said Katherine Ann Karaca, President of Rider’s Pit Stop Philippines Incorporated, a wholesaler and retailer of motorcycle parts and accessories. “Location-wise, it’s excellent. Wherever we expand, there’s a Security Bank nearby, making it easy to deposit our daily sales. Thanks to Security Bank’s support, we closed the year with 27 Rider’s Pit Shop branches: 22 in Cebu, two in Tagbilaran, Bohol, and three in Dumaguete.”

As part of its commitment to continuously enhance its platforms and improve service for entrepreneurs, the Bank will soon launch a new MSME-dedicated app—building on the capabilities of DigiBanker to offer faster, more intuitive access to banking. 

More than financing: Holistic business support

To address deeper operational challenges, Security Bank developed the Business Elite Program—offering preferential rates, waived fees, data-driven insights, and a dedicated Relationship Manager for qualified MSMEs. It goes beyond banking by combining financial tools with business support services.

“We developed the Business Elite Program with a clear focus on the needs of our high-value MSME clients to provide them with the right mix of financial and operational tools to support their growth,” Yap explained.

Through its Beyond Banking network, the Bank also connects MSMEs with expert partners like Empleyado (HR/payroll), FilePino (registration), SYCARDA (analytics), Taxumo and Juan Accounting (tax filing), Ninja Van (logistics) and MyLegalWhiz (legal support). MSMEs also benefit from non-life insurance coverage via PhilBritish Insurance, which includes property, liability, theft, fraud, and 24/7 telemedicine protection for businesses under the Business Elite program.

A long-term partner for business growth

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“Ever since we started doing business with Security Bank, they are able to continuously give us information that we need and almost all the time, they are a call away from us,” said Martin Allen del Mundo, Acting OIC and current successor of Ared Enterprises, manufacturers of Porky Best Chicharon. They have been a Security Bank client since 2017. Del Mundo got a Business Mortgage Loan to expand their manufacturing center—allowing their products to be in more stores in Davao and Metro Manila.

“As business owners we understand how important capital plays in the business. And because of Security Bank, we were able to get that capital and be able to have good interest rates and good payment terms that did not hinder us from continuing to grow the business,” he added.

Looking ahead, Security Bank is committed to expanding its ecosystem to meet the evolving needs of MSMEs. By creating a seamless, end-to-end experience that goes beyond traditional banking, the Bank aims to be the long-term growth partner for Filipino entrepreneurs at every stage of their business journey.

For more information on Security Bank’s MSME efforts, visit https://www.securitybank.com/business/

Trusting Social Philippines Optimizes Big Data and AI to Spread Financial Inclusion to all Filipinos

Under the National Strategy for Financial Inclusion (NSFI) 2022-2028, launched by the Bangko Sentral ng Pilipinas (BSP) in 2022, financial inclusion has been clearly established as a national priority in the Philippines. While substantial progress has been achieved, including 25.8 million Basic Deposit Accounts by Q4 2024 and a 24.3% increase in household loans fueled by improved financial systems and positive consumer sentiment, a significant gap remains. The World Bank's Global Findex 2025 shows that only 50.2% of Filipino adults had financial accounts in 2024, a statistic that falls short of regional peers and highlights the pressing need to enhance financial inclusion.

 

Even with the rise of digital banking, e-commerce, and the expansion of financial infrastructure designed to reach underserved communities, significant work lies ahead for comprehensive financial inclusion. Persistent challenges, including limited internet connectivity, gaps in financial literacy, and the crucial element of public trust, continue to impede progress. These barriers highlight the need for innovative efforts to mitigate risks while expanding essential financial services to every corner of the country.

 

Responding to the BSP's call for innovation, financial institutions are increasingly leveraging technology and partnering with companies to expand financial services and access for all. A key player in this endeavor is Trusting Social, a leading Asian fintech AI company. Established in 2013 in the US, the company quickly built a strong foothold across Vietnam, Singapore, India, and Indonesia, providing it with invaluable experience that now directly benefits the Philippines' financial landscape.

Drawing on extensive experience within Asia’s developing economies, Trusting Social entered the Philippines in 2019 to address financial exclusion, focusing on enhancing access to formal credit for the underbanked. Recognizing that more Filipinos have mobile phones than financial accounts, Trusting Social's AI-driven credit scoring system, similar to its foundational work in mobile-first Vietnam, analyzes masked, anonymized, and aggregated telco data. This technology provides a crucial alternative to traditional credit scoring, empowering lenders to reach millions of creditworthy, underserved borrowers often overlooked by conventional banking.

By offering an alternative to traditional scoring, Trusting Social's insights facilitate universal access to financial services from regulated lenders, enabling fast, paperless approvals. Trusting Social's credit insights extend this reach far beyond Metro Manila, connecting even those in distant provinces with feature phones and agri-based incomes. The company's platforms have particularly benefited mass market consumers, including women who benefit from higher approval rates and sustained credit access, ultimately helping to lower interest rates by guiding consumers towards formal credit.

“The traditional banking system was inherently blind to hundreds of millions of deserving individuals lacking financial history—that's the fundamental flaw Trusting Social was built to fix,” shared Nguyen Nguyen, Founder and CEO of Trusting Social. “Through data science and technology, we empower financial institutions to bridge that financial access divide with insights far beyond their legacy capabilities. We've shown, market after market in Asia, that financial well-being is within reach, and we built the exact solutions to deliver it."

 

In the broader picture, a financially inclusive economy serves as a powerful engine for fostering entrepreneurship, investment, job creation and innovation, strengthening the overall financial system. For emerging markets like the Philippines, where financial access remains a critical challenge, this empowerment enables businesses and individuals to significantly improve their livelihoods, build resilience, and navigate unexpected crises.

 

Trusting Social's credit insights are accelerating this impact, processing an average of 120 billion records weekly, enabling over a million borrowers monthly, and facilitating around $500 million in unsecured portfolio. This scale has earned the confidence of over 50 leading financial institutions and businesses in the Philippines, from top commercial banks to start-up lenders, all while upholding strict data privacy and security in compliance with GDPR, Philippine, and other local laws.

 

“Our work in the Philippines has been driven by one core belief: that advanced data science can help bridge the financial inclusion divide in the country. We echo the government’s drive for ensuring no Filipino is invisible to financial opportunities. And through that mission, we've quietly refined, expanded and proven our solutions. Now, recognizing the ongoing challenges and the exciting momentum in the country, it's time to openly partner with those who believe, as we do, that there's still crucial work to be done together,” said Johnny Escaler, CEO of Trusting Social Philippines

BSP and ATRAM Expand PERA Digital Access with GCash Support

The Bangko Sentral ng Pilipinas (BSP) enables more Filipinos to easily sign up for the government’s voluntary retirement savings program called Personal Equity and Retirement Account (PERA), with its integration to the Open Finance Pilot in the Philippines.

 

The voluntary retirement savings plan offers tax perks, investment options, and long-term financial security for account holders. It is designed to allow local contributors to invest up to P200,000 per year (P400,000 for Overseas Filipino Workers) and enjoy a 5% income tax credit on these contributions, with their investments growing tax-free until retirement.

 

As part of the first phase of BSP’s Open Finance pilot, several financial institutions have come together to explore more inclusive ways of improving the PERA account opening process. Among initial participants are PERA Administrator ATRAM and e-wallet platform GCash, whose strong collaboration is paving the way for a more accessible PERA onboarding experience.

 

Fully verified GCash users can now open a PERA account more quickly and easily by consenting to share their information with the PERA Administrator. ATRAM, a leading independent asset and wealth manager in the country, is the first participating administrator for the pilot program.

 

In the past, those interested in creating their own PERA had to complete a lengthy account opening process with manual paperwork requirements. 

 

Commencing with PERA, the Open Finance Project is a collaboration among financial institutions under the central bank’s framework. The initiative aims to explore how banks and other financial services providers can work more closely together to improve the ease of accessing financial services for more Filipinos.  

 

“GCash supports the agenda of the Bankgo Sentral ng Pilipinas to strengthen financial inclusion,” said GCash vice president and group head for new businesses Winsley Bangit. “By helping democratize access to investment and savings products like PERA, we can help more Filipinos plan for their future and take advantage of more rewarding opportunities with ease.”

 

“This pilot reflects our ongoing commitment to improving access to long-term financial solutions like PERA,” said Deanno Basas, chief experience officer of ATRAM. “By working with BSP and platforms like GCash, we’re making the process of starting a PERA more straightforward and aligned with how Filipinos manage their finances today towards their financial future.” said ATRAM chief experience officer, Deanno Basas.

 

GCash joined the multiparty framework created by the BSP to ensure compliance throughout the Open Finance PH Project.

 

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BPI AIA Ranks #4 in MDRT, Reinforces Position as #1 Bancassurance Company in PH

MAKATI CITY, Philippines, July 21, 2025 – BPI AIA Life Assurance Corporation (BPI AIA), the country’s #1 bancassurance company and a strategic joint venture between the Bank of the Philippine Islands and AIA Philippines, has secured the fourth spot among Million Dollar Round Table (MDRT) companies in the Philippines in the 2025 MDRT rankings. The company also placed 64th globally, underscoring its expanding reach and enduring commitment to providing financial protection to Filipinos.

Widely regarded as the gold standard in the life insurance and financial services industry, MDRT membership is reserved for top-performing professionals who meet rigorous standards in ethics, knowledge, and customer service. BPI AIA’s inclusion in this year’s elite ranks highlights the dedication of its bancassurance sales force—a new generation of financial professionals empowering more Filipinos to take control of their financial future and live healthier, longer, better lives.

“Earning recognition among the top MDRT companies both nationally and globally is a distinction we hold in the highest regard,” said Karen Custodia, Chief Executive Officer of BPI AIA. “We extend our heartfelt thanks to our outstanding sales force and employees, and our trusted partners BPI and AIA Philippines. Together, we continue to pursue new ways to serve more Filipinos better.”

This milestone also reflects the larger momentum within AIA Philippines’ parent company, AIA Group, which continues to lead on the global stage. AIA Group marked its 11th consecutive year as the #1 MDRT multinational company in the world, driven by the strength and professionalism of its agency leaders and financial advisors across Asia.

At the core of this success is BPI AIA’s top-notch development program, which attracts and nurtures top talent, equipping them with industry-leading training, resources, and even AI-powered digital tools to elevate client service. This people-first approach enables advisors to deliver personalized guidance and meaningful protection for every life stage.

As it celebrates this milestone, BPI AIA remains steadfast in its mission. With 15 years of trusted experience, the company continues to help Filipinos safeguard what matters most, offering more than just insurance, but a true partnership in financial wellness and long-term security.

Allianz Re-opens its New Agency Office in Davao

Allianz PNB Life (Allianz) reinforces its local presence with the re-opening of its Agency Office in Bajada, Davao. The company's newly refurbished business center supports its growth strategy, which is to make life insurance more accessible to its clients in Davao.

Allianz, a global leader in insurance, started its operations in the Philippines in 2016 and now has a total of 26 business centers in key cities across the archipelago. Strategically located on the 11th floor of Pryce Tower, Unit 111, Bajada, Davao, the newly re-opened Agency Office welcomes guests to a hub where customers can access financial services and start their financial journey with their trusted financial advisor, or Life Changers.

Floro ‘Jun’ Marasigan Jr., Allianz Chief Agency Officer said the office expansion is part of the company’s strategy to drive customer growth by ensuring the delivery of personalized service and prioritization of the needs of customers.

“The re-opening of our Agency Office in Bajada Davao further strengthens our reach—to secure the lives of more Filipinos and opening opportunities to a fulfilling and rewarding career as a Life Changer. At Allianz, you are not just starting a career but stepping into a legacy. We are developing our Life Changers to become among the best in the industry. While our Life Changers are helping our customers meet their financial goal, they are reaching their own career goals at the same time,” he said.

Employer of choice

Together with its growth efforts, Allianz PNB Life has been recognised with local and regional awards for corporate governance, Environmental, Social and Governance (ESG), and employee engagement.

Allianz, a people-first workplace, was certified Great Place To Work for two years in a row. Its diversity, equality and inclusion programs were recognized by the 2024 HR Excellence Awards - Gold Excellence in Cross Generational Workforce Management. Moreover, Allianz received two Golden Arrows from the ASEAN Corporate Governance Scorecard, which evaluates corporate governance practices of publicly listed companies in the region, and was commended by the Insurance Asia News Country Awards 2024 as the Best in Bancassurance Partnership and Exceptional ESG Leader for its Environmental, Social, Governance framework on sustainability practices.

Marasigan said the accolades strengthen the company’s commitment to building a customer-centric organization. “These awards are a testament to Allianz's promise of securing your future, while reinforcing our goal to be your insurer and employer of choice,” he added.

Allianz Volunteers and Kids Join Food Rescue Kitchen Activity with SOS

Allianz PNB Life, together with its employees, their children, and community volunteers, gathered in Quezon City for a meaningful Food Rescue Kitchen activity organized in partnership with Scholars of Sustenance (SOS) Food Rescue PH. Around 20 volunteers from Allianz PNB Life joined the initiative, alongside additional members from the local community.

The initiative is part of SOS and Allianz PNB Life’s ongoing efforts to promote family volunteerism and raise awareness on the pressing issues of hunger and food waste. Volunteers helped prepare, cook, pack, and distribute a total of 500 meals to members of the local community.

The activity reflects Allianz PNB Life’s continued commitment to securing the future of Filipinos—not only through relevant protection and investment solutions, but also by advancing sustainability and community empowerment through impactful partnerships.

Allianz PNB Life employees and their children, together with Scholars of Sustenance (SOS) Food Rescue PH, gather for a group photo after the successful Food Rescue Kitchen activity held in Quezon City.

Volunteers from Allianz PNB Life distribute packed meals prepared during the Food Rescue Kitchen activity, supporting local communities and promoting food sustainability.