As a testomony to its dedication, innovation, and excellence, Safety Financial institution was named the Philippines’ Finest Financial institution for Corporates by Euromoney. This award highlights the efforts of the Company Banking Group (CorBank) inside the Wholesale Banking Section (WBS) to supply tailor-made options, foster enduring relationships, and place the Financial institution as the popular accomplice for purchasers’ financing and advisory necessities.
Excellent monetary efficiency
In 2023, WBS showcased spectacular monetary efficiency, with a internet revenue enhance of +34% year-on-year (YoY) to PHP6.8 billion. This phase contributed a big 75% to the Financial institution’s whole internet revenue, a notable rise from 48% in 2022. WBS’ mortgage portfolio additionally demonstrated steady development, with notable will increase in each company and business loans.
Exemplary customer support
The Financial institution’s customer-centric imaginative and prescient has been its core differentiator. CorBank repeatedly sought methods to boost buyer protection and banking expertise. This focus is clear in WBS’ CSAT rating, which rose to 99% in 2023. Key to success is the ecosystem strategy which captured interconnected companies and shut collaboration with inside product companions and exterior companions, like MUFG Financial institution, to supply tangible worth.
Modern money administration options
The Financial institution’s Money 360 answer revolutionized money administration for corporates. It permits companies to deposit money securely at any time with out the necessity to go to a department, with funds credited in real-time. The success of Money 360 has led to its growth to third-party channels, considerably growing the variety of accessible places for company prospects, even in distant areas.
Moreover, the Billing/Invoicing Presentment and Cost Answer (BIPPS) within the DigiBanker app was named the “Finest Cost Answer within the Philippines” by Alpha Southeast Asia, recognizing its effectivity in dealing with billing and funds.
Dedication to sustainable finance and nation-building
The Financial institution has made substantial strides in selling sustainable finance. As of end-December 2023, WBS disbursed about PHP43.6 billion in certified Sustainable Finance loans, together with inexperienced and social loans. Some examples:
- A Undertaking Finance deal for iSON Tower Restricted’s building and operation of as much as 800 telecommunication towers in underserved areas throughout the Philippines. CorBank’s function as lender to finance the undertaking led to the win for Telecom Deal of the 12 months at The Asset Triple A Sustainable Infrastructure Awards.
- Sustainable financing of a waterworks system in a distant space in Luzon and a photo voltaic undertaking to enhance the nationwide energy provide.
- Financing large-scale infrastructure initiatives, such because the PHP100 billion SMC Mass Rail Transit 7 (MRT-7) undertaking, which is anticipated to enhance the nation’s transportation system and generate jobs.
- Sustainable financing of a waterworks system in a distant space in Luzon and a photo voltaic undertaking to enhance the nationwide energy provide.
Relationship Managers and Credit score Analysts are consultants on renewable power initiatives and undertaking finance offers, in step with the Financial institution’s sustainable finance objectives.
Technological developments
In a groundbreaking transfer, Safety Financial institution launched the Funds Hub and Gateway (PHG) program in November 2023. This initiative centralizes all home and worldwide cost rails by the top of 2025, growing operational effectivity, scalability, and reliability. The implementation of AWS Cloud know-how, a primary within the Philippine banking business, has additionally enhanced transaction processes and compliance with evolving regulatory requirements.
As Safety Financial institution continues to innovate and broaden its companies, the Euromoney honor serves as a benchmark of its excellence in company banking. Its dedication to monetary efficiency, customer support, revolutionary options, sustainable finance, and technological development positions it as a pacesetter within the business, prepared to satisfy the evolving wants of its purchasers.
For extra, go to www.securitybank.com.ph.
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