Security Bank to acquire a 25% stake in Home Credit Philippines from Mitsubishi UFJ Financial Group for $178m.

Security Bank, a universal bank in the Philippines, agreed to acquire a 25% stake in Home Credit Philippines, a consumer lending firm, from Mitsubishi UFJ Financial Group, a financial services provider for $178m. “As we welcome Home Credit into the Security Bank family, we’re excited by the strategic benefits this acquisition brings. This is a tremendous opportunity to leverage synergies, offer innovative lending solutions, and support financial inclusion. We look forward to driving growth and delivering value to our stakeholders together," Sanjiv Vohra, Security Bank President and CEO.