Security Bank

What Security Bank does

Security Bank Corporation is a Philippine universal bank founded in 1951, headquartered in Makati City, and publicly traded on the Philippine Stock Exchange (PSE:SECB) and OTC Markets (SYBJF). It serves retail consumers, micro/small/medium enterprises (MSMEs), corporate clients, and affluent/HNWI segments through a multi-channel distribution network of 250+ branches, an extensive ATM footprint, and digital channels (Security Bank Online and the all-new mobile app with auto-sync). The bank offers a full product suite across deposits (savings, checking, USD/third-currency, time deposits, layaway plans like Secure Goals Plus), credit cards (Wave, Next, Gold, Platinum, World, Complete Cashback, Click, Fast Track Secured), consumer and commercial loans (auto, home, personal, business express, mortgage, working capital, salary advance), wealth management (UITFs, fixed income, trust, bancassurance via FWD), and investment banking via SB Capital.

Underlying the franchise is a modernized digital platform built around ACI Worldwide's cloud-ready, ISO 20022-native payments infrastructure, processing 10M+ transactions per month with 99.99% uptime and supporting 90% YoY growth in instant payments (InstaPay/PESONet). Digital onboarding is enabled through Entrust Onfido Studio-powered eKYC with deepfake detection. Revenue is generated through net interest income on lending, transaction fees (TT, RTGS, PESONet), credit card interchange, wealth management fees, bancassurance commissions, and FX/trade services — supplemented by the Mitsubishi Motors Finance Philippines JV for auto financing across 67 dealerships, the SB Finance subsidiary for digital lending (eSALAD), and VeritasPay/Pra/Toyota Auto Auction partnerships for MSME POS, retiree banking, and repossessed-asset distribution.

Name

Security Bank

Legal name

Security Bank Corporation

Website

https://securitybank.com

Company type

Public

Founded year

1951

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Security Bank is a Philippine universal bank (founded 1951, PSE:SECB) offering retail, MSME, corporate, and wealth services across 250+ branches and digital channels, with an ACI-powered payments platform and a Mitsubishi auto-financing JV.

Ownership category

akta.pro rank

Product category

Universal Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Retail banking services
• Commercial banking
• Wealth management
• Consumer lending
• Digital banking

Headquarters

HQ city

Makati

HQ country

Philippines

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Interest income from lending activities including auto loans, home loans, personal loans, business loans, and corporate financing. Interest expense from deposit products. Core revenue driver representing the spread between lending rates and deposit rates.
2. Fee and Commission Income: Transaction fees from fund transfers (telegraphic transfers, local transfers via PDDTS, RTGS, PESONet), account maintenance fees, ATM fees, and service charges across retail and corporate banking products.
3. Credit Card Revenue: Interchange fees from card transactions, annual fees, late payment fees, cash advance fees, and installment processing fees from the bank's credit card portfolio including rebate, rewards, and premium card variants.
4. Wealth Management and Investment Products: Revenue from trust products, unit investment trust funds (UITF), fixed income securities distribution, time deposits, and wealth management services including estate planning and escrow services.
5. Bancassurance: Partnership with FWD for insurance product distribution through bank branches, generating commission revenue from life insurance, health insurance, and investment-linked products sold to retail customers.
6. Trade and Foreign Exchange Services: Revenue from foreign exchange transactions, international remittances, trade financing, and foreign currency exchange margins across retail and corporate client segments.
7. Auto Financing Joint Venture: Mitsubishi Motors Finance Philippines Inc. (MMFP) - joint venture with Mitsubishi Motors Corporation - provides auto financing solutions across 67 Mitsubishi Motors dealerships nationwide, contributing to the bank's auto loan portfolio growth.

Pricing tiers

Go-to-market motion3 records

Distribution channels10 records

Marketing channels8 records

Core offering

Security Bank is a Philippine universal bank providing deposit accounts (savings, checking, time deposits in PHP, USD, and other currencies), credit cards (rebate, rewards, and premium variants), consumer loans (auto, home, personal, salary advance), SME and corporate loans, wealth management and investment products (UITFs, fixed income securities, bancassurance), trade finance, foreign exchange, and treasury services. Products are delivered through 250+ branches, an ATM network, mobile app, online banking, and partnership channels including a captive auto financing joint venture with Mitsubishi Motors and POS terminals via VeritasPay.

Product overview

Security Bank Corporation is a universal bank in the Philippines offering a comprehensive suite of financial products and services organized across personal banking, business banking, wealth management, and digital channels. The bank's product portfolio includes multiple account types (All Access Account, Easy Savings, Money Builder, GoalSetter, Secure Goals Plus, USD Savings, Third Currency, Time Deposits), credit cards (Wave Mastercard, Next Mastercard, Gold, Platinum, World, Complete Cashback, Click Card, Fast Track Secured), loans (Auto Loan, Home Loan, Personal Loan, Business Express Loan, Business Mortgage Loan, Corporate Employee Loan, SALAD), investments (UITF, Fixed Income Securities, Bancassurance), wealth management and trust services, SB Capital for investment banking, and SB Finance eSALAD for digital salary advances. Digital channels include Security Bank Online, the all-new Security Bank App, DigiBanker for business cash management, eGiveCash for money transfers, and SB Spot for 24/7 forex trading. The bank recently underwent major digital transformation with ACI Worldwide implementing a unified payments platform that enabled 90% growth in instant payments. The bank is regulated by Bangko Sentral ng Pilipinas, insured by PDIC up to PHP 1 Million per depositor, and is a member of BancNet.

Differentiator

Problem solved

Functional benefit

Brands

• SB Finance: Digital lending subsidiary offering personal loans, motorcycle loans (MotorsikLOAN), salary advance (eSALAD), and OR/CR for cash loans through its Zuki app platform.
• DigiBanker
• Gold Circle Membership
• BetterBanking
• Secure Goals Plus
• eSALAD

Products and services

• All Access Account Interest-bearing checking account offering unlimited deposits for individual retail customers in the Philippines.
• Easy Savings Account Retail savings account with competitive interest rates and easy access to funds for individual customers.
• Money Builder Account High-interest savings account for individual customers seeking to grow deposits over time.
• GoalSetter Savings Account Savings account with goal-tracking features helping retail customers save toward specific financial objectives.
• Secure Goals Plus Time Deposit Layaway-style time deposit with automated monthly transfers and tiered fixed interest rates for terms of 1 to 10 years; minimum PHP 100,000 placement.
• USD Savings Account US Dollar savings and time deposit account for individual customers, with time deposit terms up to seven years from a USD 1,000 minimum.
• Third Currency Account Non-interest-bearing savings account supporting multiple major foreign currencies including EUR, HKD, SGD, AUD, CAD, CNY, JPY, and GBP.
• Time Deposit Fixed-term deposit account in PHP, USD, or CNY with terms from 30 days to 7 years and a PHP 100,000 minimum for peso placements.
• Wave Mastercard (Rebate Credit Card) Mastercard rebate credit card offering cash back on retail transactions for individual consumers, with first-year annual fee typically waived.
• Next Mastercard (Rewards Credit Card) Rewards credit card offering points and lifestyle benefits to retail cardholders.
• Mastercard Gold Rewards Credit Card Mid-tier Mastercard rewards credit card with enhanced benefits and privileges for retail customers.
• Mastercard Platinum Premium Credit Card Premium Mastercard credit card with travel perks, insurance, and concierge services for affluent retail customers.
• Mastercard World Premium Credit Card High-end Mastercard credit card with premium travel and lifestyle privileges for affluent retail customers.
• Complete Cashback Platinum Mastercard Cashback rebate Platinum Mastercard with no annual fee during the first year for retail customers.
• Fast Track Secured Credit Card Secured Mastercard credit card for customers building or rebuilding their credit history.
• Mastercard Corporate Card Business credit card with spending controls and reporting features for corporate expense management.
• Auto Loan Vehicle financing for new and used cars for retail borrowers, with channel distribution via bank branches and Mitsubishi Motors dealerships through the MMFP joint venture.
• Home Loan Housing mortgage product financing residential property purchases and refinancing for individual borrowers.
• Personal Loan Unsecured personal loan for various retail financial needs, with flexible amounts and repayment terms.
• Business Express Loan (SME) SME business loan product designed for quick approval and funding access for small and medium enterprises.
• Business Mortgage Loan Commercial property financing for businesses acquiring or developing real estate assets.
• Business Working Capital Loan Working capital financing solution for businesses to fund day-to-day operations and cash flow requirements.
• Corporate Employee Loan (eSALAD Salary Loan) Salary loan program for employees of accredited partner companies, offering digital salary advance (eSALAD) up to PHP 2,000,000 with payroll-deducted repayment; distributed through SB Finance subsidiary.
• Unit Investment Trust Funds (UITF) Pooled investment funds offering diversified exposure across asset classes, managed by professional Security Bank fund managers for retail and institutional investors.
• Fixed Income Securities Fixed income investment distribution including Treasury Bills, Retail Treasury Bonds, LTNCDs, Fixed Rate Treasury Notes, peso and dollar corporate bonds, and Dollar Sovereign Bonds.
• Bancassurance (FWD Life Insurance) Insurance distribution through the FWD partnership, offering life insurance, health insurance, and investment-linked products to retail customers with Group Credit Life Insurance for loan borrowers.
• Wealth Management Services Comprehensive wealth management for high-net-worth individuals including investment advisory, portfolio management, and estate planning services.
• Trust Services Trust products for individuals and businesses including escrow services and retirement fund management.
• SB Capital Investment Banking Investment banking and capital markets services delivered through wholly-owned subsidiary Security Bank Capital Investment Corp., including IPO co-underwriting (e.g., Maynilad Water P34.33 billion offering), securities distribution, and advisory.
• Security Bank Online (SBOL) Internet banking platform enabling customers to manage accounts, perform fund transfers (PESONet, InstaPay, RTGS, telegraphic), pay bills, reload mobile phones, schedule transactions, and reorder checkbooks.
• All-new Security Bank Mobile App Mobile banking application with auto-sync technology that automatically links Security Bank accounts, saved favorites, and scheduled transactions; supports fund transfers, InstaPay, mobile reload, and digital account opening with Entrust-powered eKYC and deepfake detection.
• DigiBanker Business Cash Management Digital cash management platform for corporate and business clients, providing payment processing, balance monitoring, and account management tools.
• eGiveCash Online Money Transfer Cardless online money transfer service enabling customers to send cash to recipients who can withdraw at Security Bank ATMs using a 16-digit eGC number and passcode, supporting remittances without a bank account.
• Trade and International Services International trade finance services for corporate clients including letters of credit, documentary collections, and trade financing facilities.
• Remittances and Foreign Transfers Inbound and outbound remittance services for retail and corporate clients including foreign telegraphic transfers, local transfers via PDDTS, RTGS, and PESONet.
• Gold Circle Membership Priority Banking Premium priority banking membership for affluent and retiree customers offering unlimited free InstaPay/PESONet transfers, priority queueing, waived fees, and exclusive time deposit rates through designated SRRV hubs.
• SB Spot 24/7 Forex Trading 24/7 online foreign exchange trading platform (SB Spot) allowing customers to execute dollar-to-peso transactions in real time, including weekends and holidays.
• BusinessPlus Account Business checking account for SMEs with integrated digital banking capabilities and discounts on VeritasPay POS terminals (5% outright purchase, 10% monthly leasing).
• Business Elite Premium Banking Premium business banking package offering enhanced services and priority support for corporate clients.
• Business Insurance (Non-Life) Non-life insurance products for businesses including property, casualty, and liability coverage distributed through Security Bank.
• Business Leasing Equipment and vehicle leasing services for businesses offered through Security Bank's commercial banking unit.
• Mitsubishi Motors Finance Philippines (MMFP) Auto Financing Joint venture auto financing solution between Security Bank and Mitsubishi Motors Corporation, distributed across all 67 Mitsubishi Motors dealerships nationwide; supports new Mitsubishi vehicle financing and dealer floor planning.
• Repossessed Assets Platform Platform for purchasing repossessed vehicles and properties owned by the bank, sold through Toyota Auto Auction partnership via weekly transparent bidding.

Quantifiable outcome

• 35% year-on-year transaction volume growth achieved through payments modernization
• +7 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability5 records

Feature4 records

Partnerships

13 partnerships are on record, tiered core, secondary and minor.

• ACI WorldwidecoreTechnology or Integration · 15 May 2026Enterprise-wide payments modernization partnership delivering unified cloud-ready payments platform with ISO 20022-native architecture. Achieved 35% year-on-year transaction volume growth, tripling processing capacity to 10 million+ transactions per month, 99.99% uptime, with InstaPay launched within 10 months. Won Best Payment Technology Initiative in Asia Pacific award at The Asian Banker Global Financial Technology Innovation Awards 2026.
• VeritasPay Philippines IncsecondaryChannel Partner/ Reseller/ Distributor · 9 March 2026Partnership to provide POS terminals to Security Bank's MSME customers through referral scheme. BusinessPlus account holders eligible for 5% discount on outright purchases and 10% discount on monthly leasing options. Collaboration aims to help merchants streamline collections, improve cash flow visibility, and integrate modern payment tools as consumer behavior shifts toward digital payments.
• Toyota Auto AuctionsecondaryChannel Partner/ Reseller/ Distributor · 13 February 2026Partnership to improve sale process of repossessed vehicles through transparent auction platform. Collaboration aims to enhance price discovery, accelerate sales, and provide better experience for buyers and sellers while optimizing disposal processes and recovery values.
• Department of Trade and Industry (DTI)secondaryStrategic or Co-development Partner · 10 February 2026Partnership with DTI, MUFG Bank, and Thailand's Krungsri through memorandum of understanding to strengthen cross-border collaboration for startups in the Philippines. Integrates partners' distinct strengths including local corporate relationships, Japan and Southeast Asia networks, business-matching expertise, and startup development mandate. Philippine startups invited to Japan-ASEAN Startup Business Matching Fair in Bangkok.
• MUFG BanksecondaryStrategic or Co-development Partner · 10 February 2026Partnership with DTI, MUFG Bank, and Thailand's Krungsri through memorandum of understanding to strengthen cross-border collaboration for startups. MUFG contributes Japan and Southeast Asia networks, business-matching expertise, and startup development support. Also partnered on MUFG N0W (Net Zero World) Manila 2026 for sustainability and green finance thought leadership.
• Krungsri (Bank of Ayudhya)minorStrategic or Co-development Partner · 10 February 2026Thailand-based financial institution partnering with Security Bank and DTI through MOU to support cross-border startup collaboration between Philippines and Thailand, contributing Southeast Asia regional network and expertise.
• Philippine Retirement Authority (PRA)secondaryStrategic or Co-development Partner · 2 February 2026Partnership to provide priority banking services to foreign and Filipino retirees applying for Special Resident Retiree's Visa (SRRV). Bank designated Reposo-J.P. Rizal Branch in Makati City as central hub for SRRV services, offering exclusive time deposit rates, waived fees, and Gold Circle Membership with benefits including priority queuing and unlimited free transfers via InstaPay and PESONet. Banking benefits extend to spouses and dependents of primary retirees.
• Mitsubishi Motors CorporationcoreStrategic or Co-development Partner · 1 August 2025Joint venture Mitsubishi Motors Finance Philippines Inc. (MMFP) officially launched August 1, 2025, offering financing solutions across all 67 Mitsubishi Motors dealerships nationwide. Mitsubishi Motors sold 91,639 units in FY2024 (12% YoY increase) with 19.5% market share. MMFP serves as strategic financing enabler for Mitsubishi's Challenge 2025 plan positioning ASEAN as core growth region.
• EntrustcoreTechnology or Integration · 10 April 2025Partnership to enhance electronic Know Your Customer (eKYC) process through Security Bank app using Entrust Onfido Studio platform. Features advanced fraud detection including deepfake detection capabilities. Delivered measurable results including increased customer onboarding completions and reduced onboarding times while maintaining regulatory compliance. Bank plans to expand capabilities across broader portfolio and all touchpoints including branches and phone banking.
• FWDsecondaryChannel Partner/ Reseller/ DistributorBancassurance partnership for distribution of life and health insurance products through Security Bank branches and digital channels. Bank offers FWD insurance products including life insurance, health insurance, and investment-linked products with Group Credit Life Insurance (GCLI) for loan borrowers.
• SB Capital MarketscoreOthersSecurity Bank Capital Investment Corp. serves as co-lead underwriter for major IPOs in the Philippine market, including Maynilad Water IPO (P34.33 billion offering, Philippines' largest since 2021). Provides investment banking services to corporate issuers and institutional investors.
• MastercardcoreTechnology or IntegrationPartnership with Mastercard for credit and debit card issuance including rebate cards (Wave Mastercard, Complete Cashback), rewards cards (Mastercard Classic, Mastercard Gold), premium cards (Mastercard Platinum, Mastercard World, Travel Cards), and corporate cards. Cards support contactless payments and are accepted globally.
• BancNetcoreTechnology or IntegrationProud member of BancNet, the largest ATM network in the Philippines, enabling cardholders to access cash and conduct transactions at thousands of BancNet-affiliated ATMs nationwide.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• BDO Unibank: BDO is the largest universal bank in the Philippines by assets, deposits, and branch network. Directly comparable to Security Bank across retail deposits, consumer loans, credit cards, SME, and corporate banking, but at materially larger scale.
• Bank of the Philippine Islands (BPI): BPI is one of the top three Philippine universal banks, offering comparable retail, corporate, and wealth management products. Direct competitor for mass-affluent and corporate clients in the same Philippine market.
• Metropolitan Bank and Trust Company (Metrobank): Metrobank is a leading Philippine universal bank with comparable product breadth across consumer loans, credit cards, SME, and corporate banking. Competes head-to-head with Security Bank across customer segments in the Philippines.
• UnionBank of the Philippines: UnionBank is a Philippine universal bank that has leaned heavily into digital transformation, serving as Security Bank's closest direct competitor in the digital banking race while also maintaining a branch network.
• Philippine National Bank (PNB): PNB is a Philippine universal bank with comparable retail, commercial, and treasury offerings. Competes with Security Bank for SME, retail deposits, and remittance-related services across the domestic market.
• East West Banking Corporation: EastWest is a mid-size Philippine universal bank with overlapping retail deposit, consumer lending, and auto financing products. Mid-cap direct competitor to Security Bank in Philippine mass-market banking.
• China Banking Corporation (ChinaBank): ChinaBank is a Philippine universal bank with similar segment coverage including retail deposits, consumer loans, and SME/corporate banking. Comparable mid-to-large universal bank peer in the Philippine market.
• Rizal Commercial Banking Corporation (RCBC): RCBC is a Philippine universal bank competing directly with Security Bank across retail deposits, consumer finance (auto, home, personal loans), and SME banking, with a comparable branch footprint.

Emerging players

• Maya Bank: Maya is a digital-only challenger bank in the Philippines offering deposits, payments, and consumer credit. Competes with Security Bank on low-cost deposits and digital payments, particularly among younger and mass-market customers.
• CIMB Bank Philippines: CIMB Philippines is a digital-first bank backed by Malaysia's CIMB Group, competing for retail deposits and consumer credit via mobile channels. Emerging competitor targeting Security Bank's digital banking customers.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/securitybankPH
• Facebookfacebook.com/SecurityBank
• LinkedInlinkedin.com/company/security-bank-corporation

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Security Bank