Dai's Security Bank acquires Mitsubishi UFJ Financial Group's stake in Home Credit Philippines Bank
Philippine banks are relying on higher-margin consumer loans as yields on commercial loans tighten. Getty Security Bank, a Manila-based bank controlled by tycoon Frederick Dy and his family, will acquire a 25% stake in Home Credit Philippines to build its consumer lending business. Security Bank will pay 11 billion pesos ($182 million) for the
