Security Bank Corp. said Thursday it finalized a P11.59-billion investment for a 25-percent stake in Home Credit Philippines (HCPH).
The bank said it purchased the stake in HC Consumer Finance Philippines Inc. (Home Credit Philippines) from MUFG Bank Ltd. for a total of P11.59 billion.
The payment was split into a base price of P10.37 billion on May 2, 2025, and another P1.23 billion on Aug. 28, 2025.
Home Credit is a leading consumer financing company in the Philippines, serving over 11 million customers with products that include point-of-sale (POS) loans, cash loans, and revolving credit.
Security Bank said the strategic investment would “enhance our involvement in the rapidly expanding consumer finance sector” and “unlock new opportunities to better address the evolving financial needs of Filipinos.”
The bank said the partnership would “accelerate innovation in customer-centric lending solutions and advance financial inclusion across the country.”
Sanjiv Vohra, Security Bank’s president and chief executive, said in a prior statement that the deal would allow the bank to “deepen its participation in the fast-growing consumer finance space and unlock new opportunities to better serve the evolving financial needs of Filipinos.”
“We see strong potential in this partnership to create long-term value through complementary strengths, accelerating innovation in lending solutions, and advancing financial inclusion,” Vohra said.
Yasushi Itagaki of MUFG said that Security Bank’s local expertise would complement Krungsri’s regional strengths. He added that the partnership would help expand access to “responsible lending” in the country.
“We are confident that Security Bank’s strong local footprint, deep market insights, and commitment to financial innovation will serve as a powerful complement to Krungsri’s regional capabilities and long-term vision for Home Credit Philippines,” he said.
This is the second partnership between Security Bank and Krungsri, following their joint venture SB Finance Inc. The deal also supports Security Bank’s goal of becoming the “most customer-centric bank” in the Philippines.
