Security Bank is strengthening its consumer lending business by acquiring a 25% stake in Home Credit Philippines. The deal is valued at ₱10.36 billion, made with Japan’s MUFG Bank Ltd., which allows the local bank to expand its reach and offer financial products to a broader customer base
According to a disclosure to the Philippine Stock Exchange, the acquisition has been approved by the Bangko Sentral ng Pilipinas (BSP). This move grants Security Bank access to Home Credit’s over 11 million customers, who rely on its services, including cash loans and revolving credit.
Despite the acquisition, Krungsri, a Thailand-based bank and subsidiary of MUFG, maintains its majority stake in Home Credit Philippines, retaining 75% ownership.
Security Bank has shown strong growth and financial performance, reporting a record-high profit of ₱11.2 billion last year. This latest investment is expected to accelerate its digital transformation and improve customer experience.
By strengthening its consumer finance business, Security Bank is committed to making credit and loan products more accessible to Filipinos, supporting financial inclusion efforts nationwide.
