Security Bank Corp. said Wednesday it is boosting its support for micro, small and medium enterprises (MSMEs) with the launch of its Business Elite Program.
The specialized banking service aims to provide tailored financial solutions, operational support, and exclusive benefits to growing businesses, the bank said in a statement.
It addresses key challenges faced by MSMEs such as access to financing, cash flow management and administrative burdens, Security Bank said.
It said that by offering preferential financing rates, waived service fees, data-driven insights and dedicated relationship management, Security 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, senior vice president and head of the business banking segment at Security Bank.
“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,” said Yap.
Security Bank said to be eligible for the program, MSMEs should maintain a P2-million monthly average daily balance.
Lex Cimagala, first vice president and customer value proposition head at Security Bank said 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,” said Cimagala.
Security Bank was recently 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.
