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Security Bank sets ambitious goal for small business loans

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Frederic Dy’s Security Bank is setting up a new banking division to capture a sizeable chunk of micro, small and medium enterprise loans in the the next few years.

Its key loan products include business mortgage loans, which allow customers to borrow up to 80 percent of the appraised value of their collateral.

“We are very excited to serve our MSME clients through our Business Banking segment,” said Security Bank segment head John David Yap.

 

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