MANILA— Nearly 200 meetings among clients of Security Bank Corporation (Security Bank) and Japan’s Mitsubishi UFJ Financial Group, Inc. (MUFG) were held during the one-day business matching event in Makati Shangri La Wednesday.
Businessmen who attended the matching are from various sectors such distribution and manufacturing of fast moving consumer goods (FMCG), healthcare and medical equipment, real estate development, agriculture and seafood products.
Security Bank President and CEO Alfonso Salcedo Jr. said its tie-up with Japan’s largest lender and among the world’s leading financial entity enables the local bank’s clients to have access to more foreign investors.
”Our partnership with MUFG helps facilitate cooperation and provides access to the global marketplace for our clients; our combined strengths now serve as an avenue for Japanese and Filipino businesses to meet and discuss how to further develop opportunities that will help our economies,” he said.
MUFG Manila Branch General Manager Tadahiro Miyamoto said the Tokyo-headquartered bank’s partnership with Security Bank allows it to further widen access both for Filipino and Japanese businessmen.
He said the “Philippine market is very important to MUFG” and that the partnership “helps us better reach out to local corporates here and support Japanese investment within the country.”
”By jointly hosing this first-ever networking session, we hope to foster new relationships and contribute to greater business collaboration between companies from both countries,” he said.
MUFG holds a 20 percent share in Security Bank after investing PHP36.9 billion in the domestic universal bank in 2016.