Security Bank Corp. has raised its acquisition price for a 25percent stake in Home Credit Philippines to ₱11.59 billion, marking a ₱1.22-billion increase from its initial offer to MUFG Bank Ltd., which currently holds the shares.
In a disclosure, Security Bank attributed the price adjustment to changes in Home Credit’s net asset value from December 31, 2023 to April 30, 2025. The increase will not alter the number of shares acquired — 250,000 common shares, 16.31 million preferred shares, and subscription rights to an additional 2.5 million preferred shares.
The acquisition underscores Security Bank’s strategic push into the growing consumer finance market, which it describes as a move to “enhance involvement” and “unlock new opportunities” to meet evolving financial needs. The bank highlighted that the deal is income accretive and expected to bolster both its earnings and long-term financial stability.
Calling the transaction a driver for financial inclusion, Security Bank aims to leverage Home Credit’s nationwide reach — currently serving over 11 million Filipinos — and advance innovation in accessible, customer-centric lending solutions.
MUFG Bank, which owns 20 percent of Security Bank, is exiting the Home Credit stake as part of the transaction.
