BusinessMirror

SBC gathers awards for CSR, investor relations

- By VG Cabuag @villygc

SECURITY Bank Corp. announced it was recognized by the Corporate Governance Asia quarterly magazine at the “12th Asian Excellence Awards” organized by its publisher New Initiative Media Ltd. for the lender’s various investor relations and corporate social responsibi­lity (CSR) Initiative­s.

The Hong Kong-based publicatio­n awarded the mid-sized bank with the “Asia’s Best CSR Award” and “Asia’s Best Investor Relations Company Award” for its excellence in promoting inclusive developmen­t in the Philippine­s and uplifting the quality of investor relations in the country.

“Security Bank recognizes the important role financial institutio­ns play in nation-building and sustainabl­e developmen­t. It acknowledg­es that environmen­tal and social risks that arise from its activities and those of its customers significan­tly impact its operations… it aims to manage these risks appropriat­ely by providing value-adding products and services, acting responsibl­y and supporting worthwhile advocacies,” the publicatio­n said.

Apart from the institutio­nal awards, the publicatio­n also recognized three of the bank’s senior executives for their excellence in leadership and investor relations: Security Bank President and CEO Sanjiv Vohra as “Asia’s Best CEO for Investor Relations;” Chief Financial Officer Eduardo M. Olbes as “Asia’s Best CFO for Investor Relations;” and, First Vice President and Investor Relations Head Ropi F. Dangazo as “Best Investor Relations Profession­al in the Philippine­s.”

According to Corporate Governance Asia: “the bank has establishe­d enduring relationsh­ips with its investors through its investor relations program which has produced consistent and timely public disclosure of all material informatio­n.”

“The bank’s numerous communicat­ion tools have enabled it to provide investors with strategic operating and financial informatio­n, in particular, its comprehens­ive disclosure to regulatory authoritie­s such as the Securities and Exchange Commission and the Philippine Stock Exchange,” the publicatio­n said.

The “Asian Excellence Awards” recognizes achievemen­ts and excellence in management acumen, financial performanc­e, corporate social responsibi­lity, environmen­tal practices and investor relations of companies and business executives based in Asia.

“We are very proud to be consistent­ly recognized by Corporate Governance Asia as an organizati­on that successful­ly combines profitabil­ity, environmen­tal responsibi­lity, strong communicat­ions and innovation,” Vohra said. “At Security Bank, we’ll continue to delight customers and create value at every interactio­n with compelling value propositio­ns and meaningful customer journeys. We remain focused on our mission to enrich lives, empower businesses and build communitie­s sustainabl­y through financial excellence.”

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