Security Bank’s sustainability loan disbursements near P100B as of Oct.
SECURITY BANK Corp. has disbursed P99.4 billion in sustainability loans as of October, exceeding its full-year target by 18%.
Majority of the disbursements or P69.9 billion went to green initiatives, financing 1.37 gigawatts of additional renewable energy capacity from solar and wind projects, four green-certified buildings, and the rehabilitation of 8 kilometers of electric train rails in Metro Manila.
“These investments position the bank as an enabler of the Philippines’ transition to low carbon development and energy security,” it said.
Meanwhile, P29.5 billion went to projects that expand access to essential services, promote inclusive growth, and generate employment.
These projects delivered access to clean water for about 500,000 households, 1.5 million TEU (twenty-foot equivalent unit) in capacity enhancements, and 544 hospital beds and clinic rooms.
It also provided job and socio-economic opportunities for over 400,000 individuals, the majority of which benefited women.
“The milestone reinforces the bank’s ambition to become the preferred partner in sustainable finance and signals strong demand for green and social financing in the Philippines,” Security Bank said.
“Security Bank’s significant progress toward its sustainable finance goals demonstrates continued momentum in delivering positive economic, environmental, and social outcomes. By expanding capabilities, deepening partnerships, and investing in knowledge platforms, the bank is well-positioned to help accelerate the country’s green and inclusive transition,” it said. “The early achievement of its 2025 target reflects not only strong market demand but also the bank’s commitment to long-term value creation for clients, communities, and investors.”
Meanwhile, the bank said it has also invested in upskilling its teams to identify, structure, and evaluate green and social finance opportunities through learning sessions with the International Finance Corp., Department of Energy, and Board of Investments.
Security Bank booked a net profit of P3.2 billion in the third quarter, up 6.7% from the previous year.
This brought its nine-month income to P9.1 billion, rising by 7% year on year.
Its shares closed unchanged at P69 each on Wednesday. — A.M.C. Sy
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