Security Bank enables MSMEs with new segment

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Security Bank has taken a significant step to achieving its vision of customer-centricity with its newly established Business Banking Segment (BBS), servicing Micro, Small, and Medium Enterprises (MSMEs). With MSMEs comprising 99.5 percent of business firms in the Philippines, BBS aims to extend much needed support to this priority segment, enabling them to regain more solid footing and contribute to economic recovery.

“We are very excited to serve our MSME clients through our Business Banking segment,” says JD Yap, SVP and Business Banking Segment Head.

“BBS has a strong teamand structure in place to understand the individual behindthe business and the fundamentals of the businessitself. We will continue to innovate to meet the needs of MSMEs–transform the lending journey with faster turnaround times, develop new product bundles, and optimize interactions through digital channels.”

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BBS offers relevant products and services that cater to its clients’ needs. It provides clients with Business Plus, an affordable checking account that comes with free access to the Bank’s award-winning cash management platform, DigiBanker. It also offers loan products to fuel business’ growth and business insurance through the Bank’s partnership with FWD.

We have two key loan products – Business Mortgage Loan (BML) allows customers to loan up to 80 percent of the appraised value of their collateral. Clients can loan up to P30 million and pay up to 20 years in monthly installments.

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