Security Bank maps out 3-year growth push

MANILA, Philippines — Security Bank Corp. is betting on wealth management, entrepreneur banking and corporate and institutional banking to drive its next growth phase as the company lays out a focused three-year strategy.

The bank led by tycoon Frederick Dy said the three businesses would be at the heart of its growth plan, building on areas where it already sees competitive strengths.

READ: Security Bank H1 profit rises 4% to P6.1B

In wealth management, the bank plans to deepen its relationships with affluent and emerging affluent clients.

For entrepreneur banking, Security Bank wants to position itself as the bank of choice for business owners.

The lender also sees room to expand its corporate and institutional banking business, particularly through major projects, business ecosystems and growing cross-border activity.

“We’re not trying to be everything to everyone,” said Victor Lee, president and CEO of Security Bank.

“We’re deliberate about where we grow. We will focus on areas where we believe we can build a meaningful advantage over time,” Lee added.

Part of the strategy involves strengthening transaction banking as Security Bank seeks to become the preferred operating bank for more clients.

This would entail taking a bigger role in clients’ payments, collections, cash management and other daily financial activities, which the firm expects would deepen relationships and reinforce its deposit franchise.

Security Bank is also looking to capitalize on its strategic partnership with MUFG Bank. The partnership combines the local lender’s Philippine market knowledge with MUFG’s global network, sector expertise and cross-border capabilities.

READ: Security Bank posted record profit of P11.6B in 2025

Building on its Japan Desk, Security Bank sees further opportunities to serve multinational companies and facilitate investment and business flows across key international corridors.

MUFG holds a 20-percent stake in Security Bank.

Meanwhile, the Security Bank plans to tap broader consumer growth through an ecosystem that includes Home Credit, Mitsubishi Motors Finance and SB Finance.

These businesses extend its reach into consumer and mobility financing. INQ