Bank of Tokyo - Mitsubishi UFJ ( BTMU ) has completed its acquisition of 100 % of Security Bank for PHP 36.5bn ( $ 500 m ) , marking the largest capital investment by a foreign financial institution in the Philippines . This deal also makes BTMU the second largest shareholder of Security Bank , while Security Bank is now an equity affiliate of Mitsubishi . The group of Frederick Dy remains the biggest shareholder of Security Bank with majority voting control. The Japanese government has previously cited potentials in the Philippine market , pointing out that its robust economic growth has been one of the fastest in the region for the past few years .
Bank of Tokyo - Mitsubishi UFJ ( BTMU ) has completed its acquisition of 100 % of Security Bank for PHP 36.5bn ( $ 500 m ) , marking the largest capital investment by a foreign financial institution in the Philippines . This deal also makes BTMU the second largest shareholder of Security Bank , while Security Bank is now an equity affiliate of Mitsubishi . The Japanese government has previously cited potentials in the Philippine market , pointing out that its robust economic growth has been one of the fastest in the region for the past few years .