Security Bank-SGV business forum showcases Mindanao’s investment potential

October 26, 2024
8:28AM PHT

Security Bank and SyCip Gorres Velayo (SGV) & Co. recently hosted the third installment of the 2024 Business Forum in Davao City, sharing strategic insights on Mindanao’s business landscape.

Themed “Unlocking Opportunities for Growth and Investment,” the event focused on socio-economic development, investment potential, and succession planning in the region.

Romeo M. Montenegro, assistant secretary of the Mindanao Development Authority, emphasized the need for cohesive efforts to sustain Mindanao's growth.

LGU involvement

“We always look forward to being part of the conversation, because it is always our role to share the stories of transformation that we are now seeing,” said Montenegro. 

“We want at the LGU level—even at the barangay level—to be able to understand that we collectively share our agenda for Mindanao, not just in terms of peace, but also in terms of accelerated and sustained development.”

Highlighting Davao’s potential, Department of Trade and Industry (DTI) Region XI Director Romeo L. Castañaga detailed the region's strong economic performance.

Castañaga noted that Davao’s economy grew by 6.7 percent in 2023, powered by sectors like agriculture, manufacturing, and tourism. He said the region’s 24 kilometers of economic zones are focused on industrial growth.

Structured succession

SGV’s Atty. Jules R. Riego and Atty. Thyrza F. Marbes presented on family constitutions, underscoring the importance of structured succession in sustaining family wealth. 

Riego explained, "A well-developed family constitution secures a family legacy, embedding values and governance for future generations."

In alignment with its BetterBanking philosophy, Security Bank hosts such forums to foster growth and community partnerships. The event also celebrated the opening of Security Bank's 330th branch in Mati City, marking another step in its expansion in Mindanao.

Bank's mission

Sanjiv Vohra, president and CEO of Security Bank, said:  “We hold these forums as part of our commitment to provide our clients with valuable insights for everyday business and investment decisions. This forum embodies our BetterBanking mission to enrich lives, empower businesses, and build communities sustainably. It also leverages our partnership with organizations and industry leaders, such as the DTI, MinDA, and SGV, to facilitate discussions on actionable strategies in today’s rapidly evolving economic landscape.”

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