Security Bank Corp. has committed to end funding for coal-fired power projects in the country by 2033, more than a year after the Department of Energy announced a moratorium on new coal-fired power plants.
Security Bank, MUFG Bank celebrate 5 years of cross-border alliance in the Philippine financial industry
April 29, 2021 | 10:00 am
Security Bank Corporation (PSE: SECB) and MUFG Bank, Ltd. (MUFG) celebrate five years of a strategic partnership that have allowed both banks to provide better financial services to Philippine corporate and SME communities.
The partnership, which started in 2016, began with global bank MUFG acquiring a 20% stake in Security Bank for Php 36.9 billion. Since then, the two lenders have capitalized on its partnership by bringing top-notch products and services to customers while enjoying the benefits of continued innovation in financial services.
On January 14, 2016, Security Bank Corporation and MUFG Bank of Japan sealed its strategic partnership. Pictured L-R Security Bank Chairman, Alberto S. Villarosa, Frederick Y. Dy, Chairman Emeritus and Go Watanabe, Managing Executive Officer and Chief Executive Officer for Asia and Oceania at MUFG Bank of Jap