Security Bank is ramping up its support for Micro, Small, and Medium Enterprises (MSMEs) with the official launch of its Business Elite Program, a specialized banking proposition designed to provide tailored financial solutions, operational support, and exclusive benefits to growing businesses.
The program addresses key challenges faced by MSMEs, such as access to financing, cash flow management, and administrative burdens. By offering preferential financing rates, waived service fees, data-driven insights, and dedicated relationship management, the Bank aims to equip business owners with the resources they need to scale and compete more effectively.
“We developed the Business Elite Program with a clear focus on the needs of our high-value MSME clients,” said John David Yap, SVP and Head of the Business Banking Segment. “MSMEs are a critical driver of the Philippine economy, and we want to provide them with the right mix of financial and operational tools to support their growth.”
The Business Elite Program offers a range of benefits that go beyond traditional banking services:
Financial flexibility – Waived fees on below-maintaining balance requirements and Business Loan processing, plus preferential rates on banking products.
Dedicated support – Access to a Business Elite Relationship Manager for personalized financial guidance.
Operational efficiencies – Partnerships with service providers offering data analytics, tax filing assistance, business registration support, payroll management, and legal consultation at exclusive rates.
Business protection – Non-life insurance coverage in partnership with PhilBritish Insurance.
To be eligible for the program, MSMEs must maintain a P2 million Monthly Average Daily Balance (MTD ADB).
Lex Cimagala, FVP and Customer Value Proposition Head, emphasized the program’s broader vision.
“Building a best-in-class proposition for MSMEs requires a deep understanding of their unique challenges, a commitment to simplicity and value, and the agility to evolve with their needs. These principles guided us in building Business Elite to help MSMEs grow, compete, and thrive.”
Recently, the bank was named the country’s Best SME Bank at The Digital Banker’s Global SME Banking Innovation Awards for its dedication to the growth and development of SMEs.
With the launch of Business Elite, Security Bank aims to reinforce its position as a financial partner for MSMEs, ensuring they have the tools, resources, and expert support needed to thrive in an increasingly competitive landscape.
