Security Bank Philippines

Overview

Security Bank Philippines is PSE: SECB + Philippine commercial bank + MUFG Bank Mitsubishi UFJ Japanese parent TYO: 8306 ~20% strategic shareholder post-Apr 2016 ~$770M investment + Frederick Y Dy Philippine founding family controlling + one of Philippines' largest universal commercial banks ^{1, Philippines report}.

History

Jun 18 1951 — founded as Security Bank and Trust Company; Frederick Y Dy group took control 1990s distinctive Philippine banking heritage.

2014 — Security Bank Mobile App launch.

Apr 1 2016 — MUFG Bank Mitsubishi UFJ Japanese parent acquires ~20% strategic stake in Security Bank for ~$770M distinctive Philippine banking-Japanese banking strategic investment.

Ownership & operator

Operating entity: Security Bank Corporation (Philippine commercial bank; PSE: SECB).

Major shareholders: Frederick Y Dy Philippine founding family controlling + MUFG Bank Mitsubishi UFJ Financial Group (TYO: 8306 + NYSE: MUFG; Japanese banking group; Japan's largest commercial bank by assets) ~20% strategic + Filipino retail + institutional + foreign investors free float.

Regulators: BSP Bangko Sentral ng Pilipinas + SEC Philippines + JFSA Japan.

Technical integration

Security Bank Mobile App (iOS + Android) + securitybank.com online + Security Bank branch network across Philippines + Security Bank Visa + Mastercard + JCB cards; PH IBAN + InstaPay + PESONet + QR Ph.

Implementations & partners

MUFG Bank strategic investor: MUFG Bank (Mitsubishi UFJ Direct app) (MUFG Bank Mitsubishi UFJ Financial Group; TYO: 8306 + NYSE: MUFG; Japanese banking group; Japan's largest commercial bank by assets).

Major Philippine banking + digital bank + payments competitors: BDO Unibank (Philippines) (BDO Unibank; PSE: BDO; Philippines' largest commercial bank by assets) + Bank of the Philippine Islands (BPI) (BPI Bank of the Philippine Islands; PSE: BPI; Asia's oldest commercial bank since 1851) + Metrobank (Philippines) (Metrobank; PSE: MBT; George Ty family) + Land Bank of the Philippines (Land Bank of the Philippines; Philippine state-owned commercial bank) + PNB Philippine National Bank (PNB Philippine National Bank; PSE: PNB; Lucio Tan family Philippine conglomerate parent) + UnionBank of the Philippines (UnionBank of the Philippines; PSE: UBP; Aboitiz family Philippine conglomerate parent) + GCash (GCash; Globe Telecom + Ant Group JV Philippine mobile wallet; ~94M+ Filipino users; Philippines' largest mobile wallet) + Maya / PayMaya (Maya formerly PayMaya; Voyager Innovations Philippine mobile wallet + digital bank; ~50M+ Filipino users) + Tonik Bank (Tonik Bank; Philippine digital bank; first SE Asia neobank) + GoTyme Bank (GoTyme Bank; Gokongwei family + Tyme JV Philippine digital bank).

Regulators: BSP Bangko Sentral ng Pilipinas + SEC Philippines + JFSA Japan.

Status

Active, PSE:SECB + Philippine commercial bank + MUFG Bank Mitsubishi UFJ Japanese parent TYO:8306 ~20% strategic shareholder post-Apr 2016 ~$770M investment + Frederick Y Dy Philippine founding family controlling + one of Philippines' largest universal commercial banks ^{1, 2}.

Sources

• 1 Security Bank — official
• 2 Security Bank — Wikipedia
• ^{Philippines report} In-corpus: reports/countries/PH-philippines.md

Source

Biography extracted from security-bank-philippines.md. See matrix.md for standards-support matrix if present.