Security Bank Corp. announced it has tapped a Singaporean company to offer free access to educational materials and online classes amid the enhanced community quarantine in Luzon.
In a statement on Monday, the listed bank disclosed that its partnership with 88tuition Pte. Ltd. would provide free video-based learning materials for both primary and secondary school students until end of June.
Security Bank President and CEO Sanjiv Vohra, former Singapore-based executive for Mufg Bank Ltd., was quoted in the statement as saying that its deal with the Singaporean firm is part of their commitment to continuous education.
The listed bank’s partnership comes after a 17-percent surge in its net income to P10.1 billion in 2019. Security Bank, however, saw its shares slipp 4.96 percent or P5.30 to finish at P101.50 apiece amid the 2.57-percent dip for the benchmark index.
The bank said
its partnership with 88tuition would allow
students from Grade 1 to Grade 10 to stream videos created by teachers in
Singapore.
While the platform was online, it simulates a normal class routine and even gives out homework for further learning, the bank said in its statement. Among the lessons offered through series of modules are Mathematics, Science, English and Chinese education, it added.
Edukasyon.ph CEO and Founder Henry Motte-Munoz was quoted in the statement as expressing “support” towards the bank’s initiative for continuity in learning and education amid the lock down.
“Whilst we understand the real concern that not all
families have Internet access, this is nevertheless a welcome opportunity for
many parents out there to give their children quality education despite the
current situation and to discover the value of online tools,”
Motte-Munoz said.
Earlier, Security Bank announced giving a 30-day extension to all its customers having credit card, home loan, personal loan, auto loan, business mortgage loan or business express loan with current payment status as of March 16.
The bank also waived all withdrawal fees nationwide until further notice.