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 .
Bank of Tokyo-Mitsubishi UFJ (BTMU) has completed its acquisition of 30% of Security Bank for PHP 36.5bn ($792m), 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 BTMU. The Japanese bank 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.