Security Bank was recognized with 10 prestigious honors at the Asian Banking & Finance (ABF) Awards held at Marina Bay Sands, Singapore, highlighting the bank’s leadership in customer-centricity, digital innovation, sustainable finance, and financial inclusion.
Security Bank was named SME Bank of the Year for its Business Banking Segment (BBS), which launched in 2022. BBS offers a full suite of SME-focused solutions including loans, deposits, and cash management. It has also formed strategic partnerships to deliver HR, legal, tax, insurance, and digital payment services. Streamlined loan approvals and faster processing times have made BBS a strong enabler for Filipino entrepreneurs.
The bank’s retail banking segment (RBS) received four awards:
- Mobile Banking & Payment Initiative of the Year for its redesigned Security Bank app (launched August 2024)
- Credit Card Initiative of the Year for the real-time BetterBanking Rewards program
- Consumer Finance Product of the Year for its Auto Loan VIP Lane for top referrers
- External Environmental Initiative of the Year for the Solar Mortgage program, enabling clients to finance solar panels via home loans at no upfront cost
SB Finance, Security Bank’s microfinance arm, won Marketing & Brand Initiative of the Year for its Tambike by MotorsikLOAN program. The initiative allows individuals and small businesses to acquire repossessed motorcycles affordably through sealed bidding events.
The bank’s wholesale banking segment (WBS) earned two key awards:
- Domestic Cash Management Bank of the Year for new platforms that boosted deposits and transaction volumes
- Domestic Trade Finance Bank of the Year for its Supply Chain Finance solution, which saw an 83.6% volume increase from 2022 to 2024 due to enhanced risk mitigation and tailored financing structures
These recognitions underscore Security Bank’s commitment to driving innovation and supporting clients across sectors through inclusive, sustainable, and technology-driven financial services.
