The deal makes Security Bank an official part-owner of the country’s top consumer finance firm, which has already served over 11 million Filipinos with loans, installment financing, credit, and insurance products.
The investment was made by buying shares from Japan’s MUFG Bank Ltd., and a final price adjustment, based on Home Credit’s net asset value between end-2023 and April 2025, will follow within 90 days.
Other key details
• Home Credit dominates point-of-sale financing, with over 15,000 partner retail locations across the Philippines.
• Security Bank now owns 25 percent of Home Credit Philippines, with MUFG subsidiary Krungsri retaining the 75 percent majority stake.
• The Bangko Sentral ng Pilipinas has approved the deal, making it official and enforceable.
Management’s view
“This strategic investment enables us to deepen our participation in the fast-growing consumer finance space and unlock new opportunities to better serve the evolving financial needs of Filipinos,” said Sanjiv Vohra, president and CEO of Security Bank.
“We see strong potential in this partnership to create long-term value through complementary strengths, accelerating innovation in lending solutions, and advancing financial inclusion. Our goal is sustainable growth and meaningful returns for shareholders and stakeholders,” he added.
Japan’s MUFG lightens up Home Credit stake, gets GCash stake
MUFG realigned its portfolio with the partial sale of Home Credit months after agreeing to acquire 8 percent of GCash, the Philippines’ biggest digital payments platform.
In the same statement, Yasushi Itagaki, group chief operating officer–international and head of global commercial banking business at MUFG, welcomed Security Bank as a strategic partner in the business.
“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,” Itagaki said.
“This partnership reinforces our shared objective of driving financial inclusion and expanding access to responsible consumer lending solutions in the Philippines. With Security Bank’s presence and expertise, we are optimistic about Home Credit’s continued growth and the opportunities that lie ahead,” he added.
