The Asian Banker names Security Bank as the Strongest Bank in PH

RANKING first in the Philippines and among the strongest in the Asia Pacific region, premier financial magazine The Asian Banker recently awarded Security Bank in a virtual ceremony last February 25 as the Philippines’ Strongest Bank in 2020 in its recently published Top 500 Strongest Banks Rankings.

Security Bank landed the number one spot after passing The Asian Banker’s rigorous assessment which used a detailed and transparent scorecard that covers six areas of balance sheet performance: the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.

The financial magazine’s assessment included banks and financial holding companies that are active in commercial and transaction banking. The results incorporated the latest 2020 financial information during the course of the pandemic. As such, the 2020 ranking reflects the impact of the pandemic on the performance of banks as it unfolded through the year.

“2020 was one of the toughest years for multiple sectors globally, most especially the banking industry. We take this recognition as an endorsement of Security Bank’s strength to deliver on its BetterBanking promise. As we do our part in cushioning the pandemic’s impact towards the economy, we will continue to fulfill our commitment to enrich lives, empower businesses, and build communities through financial excellence,” says Sanjiv Vohra, President and CEO of Security Bank.

For more information, visit: www.securitybank.com.