Asiamoney cites Security Bank as ‘Best Bank for SMEs’ in PH

SECURITY Bank Corporation, one of the country’s most awarded banks, has been recog ized as the “Best Bank for SMEs - Philippines” at the Asiamoney Country Awards 2017 held in Beijing, China, for its consistent and remarkable performance in boosting the country’s economic status by supporting SMEs and promoting SME-related services.

The award is a testament to Security Bank’s continuous initiatives in supporting the small scale, home-grown enterprises in the Philippines.

“Productive and profitable, [Security Bank] is one of the most robust lenders the Philippines has to offer. But its real talent comes to the fore when catering to the country’s growing army of small and medium-sized enterprises,” Asiamoney said.

With the fresh capital infusion by its strategic partner Japan’s Mitsubishi UFJ Financial Group, Inc. (MUFG) in 2016, Security Bank has been able to provide more financing to SMEs, sustaining further job generation and financial inclusion. Asiamoney singled-out the Bank’s SME Business Express Loan service that targets young firms looking to meet short-term funding needs.

With minimal documentary requirements, fast approval and auto-crediting of funds, the service is tailor-fit to the growing needs of business owners. Through the SME Business Express Loan service, Security Bank has been able to consistently reach out to SMEs. In the words of a Manilabased banker, as published by Asiamoney, ”SMEs are their niche….They’re very strong.”