TITLE OF THE COMPANY:

SECURITY BANK

HISTORY OF THE COMPANY:

Security Bank Corporation has a proud history of financial management expertise, with a proven
track record of stability and consistent profitability achieved through an efficient, perceptive and
forward-thinking management style. The Bank stands firm as one of the Philippines’ top ten
private domestic universal banks in terms of assets, deposits, capital and return on equity.

Our Beginnings

Established on June 18, 1951, Security Bank, known then as the Security Bank and Trust
Company, was the first private and Filipino-controlled Bank of the post-World War II period.
Through the years, the bank experienced steady growth and success through our consistent and
unflinching commitment to serve clients and stakeholders with milestones such as:

 The late 50s marked Security Bank’s branch expansion in various parts of Manila. First
among our banking peers, the bank had more branches in the metropolis than any other
bank in the country.
 The 60s was marked by the opening of the bank’s first provincial branch in Angeles,
Pampanga as a part of the bank’s goal of a broader, countrywide reach. Throughout the
decade, branches were established in various parts of the Visayas and Mindanao.
 In the 70s, Security Bank laid the foundation for a culture of innovation in product
development with the introduction of Diners Club, the first credit card franchise in the
Philippines. The Bank also introduced to the market innovative trust products and services
that served as forerunners of today’s pre-need and common-trust plans.
 In 1991, new majority owners led by Frederick Y. Dy assumed control of Security Bank
and Trust Company, infusing a fresh direction for the Bank.
 In 1994, the bank was granted a Universal Bank license and not much later in 1995,
Security Bank was publicly listed on the Philippine Stock Exchange (PSE: SECB) in 1995
for an impressive initial public offering of Php 1.5B.
 On June 18, 2001, SBC celebrated 50 years of banking in the Philippines, as it continued
to live a tradition of banking excellence.
Growing to become the Security Bank of today

From its beginnings, Security Bank has grown to be one of the Philippines’ leading universal
banks – providing financial services to a wide variety of client types. Our major businesses
include retail, commercial, and corporate banking, and financial markets. Catering to our clients’
needs, we also provide a wide range of services: financing and leasing, foreign exchange
brokerage, stock brokerage, investment banking, and asset management, that is supported
through our specialized subsidiaries. Subsidiaries and affiliates include SB Cards Corporation;
SB Capital Investment Corporation and its subsidiaries , SB Equities, Inc. and SB Rental
Corporation; SB Forex, Inc.; Security Land Corporation; SBM Leasing, Inc., a joint venture with
the Marubeni Corporation of Japan, and Security Bank Savings, whose 39 branches were
integrated into the branch network of parent Security Bank. These branches now offer the full
universal bank product range to our wholesale and retail clients.

In February 2015, we launched the Banc assurance product in partnership with FWD Life,
adding to the robustness of our financial services offering.

Moving towards the future

Truly world-class. Security Bank joined an elite circle of the world’s top financial institutions
recognized for global banking excellence when it received two of the most prestigious global
banking awards in 2012: Bank of the Year – Philippines by The Banker of the Financial Times
of London; and the Strongest Bank in the Philippines by The Asian Banker of Singapore.

Commitment to excellence. Security Bank has been acclaimed with awards and recognition from
international and local organizations for product innovation, market leadership, and best-of-class
management practices – a reflection of our commitment to continuously provide exceptional
value to our clients.

Commitment to serve. Security Bank is committed to supporting various educational and

livelihood activities, disaster relief operations and other sustainable programs as part of its
corporate social responsibility through Security Bank Foundation, Inc. (SBFI). SBFI’s initiatives
promote deeper engagement among Security Bank employees and encourage active involvement
in creating positive changes to society.

MISSION AND VISION OF THE COMPANY:

OUR VISION: To be a world-class bank that is the best of the best, a lifetime partner in
fulfilling dreams across generations beyond borders.

OUR MISSION: We enrich lives, empower businesses, and build communities through
financial service excellence.
 CORPORATE VALUES

People

 We care for our employees and their development.

 We are driven to provide personalized services which fit the needs of our customers.
 We provide sustainable value to our shareholders and the communities we serve.

Integrity

We act respectfully and honestly to honor commitments while ensuring timely, best-in-class
delivery, even when situations are challenging.

Empowerment

We are accountable for the authority we are given and the authority we give to others.

Innovation

We reimagine existing processes and tools towards achieving better outcomes.

Execution Excellence

We effectively operationalize strategic goals and drive process and service excellence.

BOARD OF DIRECTORS:

Frederick Y. Dy
63, was elected Chairman Emeritus on April 28, 2015. He was elected Vice Chairman of the
Board on April 4, 1989 before assuming the Chairman’s position from April 1991 to April 2015.
He is the Chairman of St. Luke’s Medical Center (since August 2011), Chairman of City
Industrial Corporation (since June 1994), Independent Director of PLC-Nickel Asia Corporation
(since September 2010) and a Director of Ponderosa Leather Goods Co., Inc. (since May 1980).

Alberto S. Villarosa
67, was elected Chairman of the Board on April 28, 2015. He was elected to the Board on
October 2002 before assuming the position of President and Chief Executive Officer of the Bank
on January 5, 2004. Prior to this, he was Senior Executive Vice President and Chief Operating
Officer.

Anastasia Y. Dy
60, was elected to the Board in April 1996. She was appointed as Vice Chairman on April 24,
2018. She was the Bank’s Executive Director (from September 1994 to April 23, 2018) and
Corporate Treasurer (from 1994 to September 2004).
Alfonso L. Salcedo, Jr.
62, was elected Director and appointed President and Chief Executive Officer of the Bank on
April 28, 2015. He is a member of the Trust, Restructuring and Finance Committees. He is also
Vice Chairman of the Executive Committee.

Diana P. Aguilar
54, was elected to the Board on April 25, 2017. Prior to this, she was a Director of Security Bank
Corporation (from November 2010 to April 2016) and was appointed as Senior Advisor to the
Board on July 26, 2016.

Atsushi Murakami
57, was elected to the Board on May 31, 2018. He is a member of the Bank’s Corporate
Governance Committee.

Takahiro Onishi
51, was elected to the Board on April 1, 2016.

Rafael F. Simpao, Jr.

74, was re-elected to the Board on April 26, 2016. He was a Director of the Bank (from June
1995 to March 2016). Prior to this, he was the President of the Bank from (October 1995 to
January 2004), Executive Vice President (from 1991 to 1995) and Senior Vice President (from
1985 to 1991). He is the Chairman of the Bank’s Executive and Restructuring Committees and a
member of the Audit and Risk Oversight Committees.

Cirilo P. Noel
61, was elected to the Board on 24 April 2018.

Independent Directors

Philip T. Ang
76, was elected to the Board on February 21, 1980.

Joseph R. Higdon
76, was elected the Board on May 29, 2012

James J. K. Hung
71, was elected to the Board on April 24, 1990

Ramon R. Jimenez, Jr.

62, was elected to the Board on 25 April 2017.

Dr. Jikyeong Kang

56, was elected to the Board on April 25, 2017. She is the Chairperson of the Corporate
Governance Committee and a member of the Related Party Transactions and Trust Committees.

Napoleon L. Nazareno
68, was elected to the Board on 25 April 2017. He is the Chairman of the Bank’s Risk Oversight
Committee and a member of the Corporate Governance Committee.
Corporate Secretary

Joel Raymond R. Ayson

54, was elected Corporate Secretary on July 29, 2004.
He is a Partner in Quasha, Ancheta, Peña & Nolasco Law Offices (since May 1998 to present).
He is a member of Integrated Bar of the Philippines, Philippine Bar Association, Immigration
Lawyers Association of the Philippines and University of the Philippines Law Alumni
Association. He is a founding member of Students Law for Integrity and Democracy – UP
College of Law and UP Association of Political Science Majors.

RANKING OF GOOD GOVERNANCE:

Security Bank Corporation (SBC) won top awards in Corporate Governance Asia’s 7th Asian
Excellence Awards on June 9, 2017 at the JW Marriott Hotel in Hong Kong. For the third time,
SBC was recognized as “Best Investor Relations Company, Philippines” for its commitment in
observing professionalism, transparency, accountability and fairness in engaging with
shareholders and stakeholders.

Cultivating a strongly engaged investor relations program

Security Bank recognizes the importance of good corporate governance in building lasting
relationships with investors. Fundamentally, SBC maintains an investor relations program that
keeps the investment community informed of important developments in the Bank.

In its journal, Corporate Governance Asia pointed out that “Time and again, Security Bank
proactively encourages continuous discussions with its shareholders and institutional investors
with an aim to further strengthen and support the attainment of the Bank’s corporate goals and
objectives. Through consistent engagement and pinpointing areas for enhancement, Security
Bank works closely with the investment community to increase shareholders’ value, ensure good
corporate governance, comply with all relevant laws and regulations, and protect shareholders’
rights and minority interests”.

Sustaining high standards of corporate governance

Good corporate governance is integral to achieving SBC’s vision of becoming one of the top
universal banks in the country. Equipped with a strong balance sheet, superior return on
investment (ROI) and strategic partnership with Japan’s largest financial group, Mitsubishi UFJ
Financial Group, Inc. (MUFG), Security Bank is able to sustain high standards of corporate
governance in the Philippines.

Security Bank’s approach is well-rounded, building strengths in both the retail and wholesale
businesses. The Bank’s Retail Banking business has a broad suite of products and services that
address the needs of customers. On the other hand, SBC’s Wholesale Banking segment supports
various infrastructure projects that contribute to nation building. The BetterBanking commitment
is not limited to products and services. Financial literacy programs and economic forums are
conducted to help clients and partners make informed business decisions.

The people are also integral in uplifting corporate governance in any organization. Security Bank
ensures that it employs individuals who will continue to promote corporate governance and
inspire best business practices. Leaders must use their expertise to develop the business and
safeguard the trust of Security Bank’s stakeholders. Accordingly, SBC President & CEO
Alfonso L. Salcedo, Jr. was lauded once again as “Asia’s Best CEO for Investor Relations,
Philippines” for exhibiting an exceptional leadership in managing expectations of investors,
shareholders and stakeholders. Security Bank CFO and Executive Vice President (EVP) Joselito
E. Mape was also recognized as “Asia’s Best CFO for Investor Relations, Philippines” in this
year’s awards for his effective corporate leadership dealing with capital markets.

The Asian Excellence Awards is an annual event hosted by Corporate Governance Asia, the
authoritative journal of corporate governance practices in Asia. It is the benchmark of excellence
in the areas of Investor Relations, Environmental, Communications and Corporate Governance
in Asia. Security Bank is a consistent awardee at the Asian Excellence Awards, having been
recognized for Best CEO for Investor Relations, Best Investor Relations Company and Best
Corporate Social Responsibility in the past years.

Inspired by this international recognition, Security Bank will work harder and smarter to deliver
on its promise of BetterBanking.