Security Bank is most SME-friendly in PH
This big bank bagged the award in Beijing.
Security Bank Corp. has been gaining accolades from here and there, the most recent of which was awarded by the esteemed Asiamoney Country Awards.
The bank has been named as the Best Bank for Small and Medium-sized Enterprises (SMEs) in the Philippines given its “consistent and remarkable performance” in extending loans to the sector.
“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 of the listed lender as it acknowledged Security Bank’s Business Express Loan service.
The SME-specific program allows start-ups to get hold of short-term loans to support their operations
The bank also gives credit to its Japanese partner Mitsubishi UFJ, saying that the fresh capital infusion it got from the Tokyo-based lender allowed them to grant more loans to SMEs.