As a testament to its dedication, innovation, and excellence, Security Bank was named the Philippines’ Best Bank for Corporates by Euromoney. This award highlights the efforts of the Corporate Banking Group (CorBank) within the Wholesale Banking Segment (WBS) to provide tailored solutions, foster enduring relationships, and position the Bank as the preferred partner for clients’ financing and advisory requirements.
Outstanding financial performance
In 2023, WBS showcased impressive financial performance, with a net income increase of +34% year-on-year (YoY) to PHP6.8 billion. This segment contributed a significant 75% to the Bank’s total net income, a notable rise from 48% in 2022. WBS’ loan portfolio also demonstrated continuous growth, with notable increases in both corporate and commercial loans.
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