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Security Bank launches new segment to cater to MSMEs

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Security Bank on Tuesday launched a new banking segment that will cater to the financing requirements of micro, small, and medium enterprises (MSMEs).

At a press briefing in Makati City, Security Bank president Sanjiv Vohra led the introduction of the lender’s Business Banking Segment —the bank’s new sectoral arm servicing MSMEs.

“However, these businesses remain underserved by formal banking institutions with high balance requirements for their business accounts and challenging loan application client journeys,” Yap said. Esplana said the Business Banking Segment has two key loan products, namely the Business Mortgage Loan and Business Express Loan .

 

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Security Bank launches new banking segment for MSMEsUnder the newly launched Business Banking Segment, clients can avail of customized business loans and open a checking account with a minimum maintaining balance of P25,000 and free digital banking services.
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