A division of global media group Euromoney Institutional Investor Plc. recognized Security Bank Corp. (SBC) for championing women in the workplace, the bank said in a statement.
Security Bank said it ranked highest among Asian banks and Philippine banks in terms of the number of women in senior management positions, with 58 percent of women employees holding senior positions. The bank added it ranked second in the country and fifth in Asia, with 68 percent of the total workforce being women.
“Our better banking promise is for all, regardless of one’s background or gender. We value diversity and inclusivity in the organization,” Security Bank Executive Vice President and Head of Retail Banking Segment Ma Cristina A. Tingson was quoted in the statement as saying. “Security Bank has always been an advocate of women empowerment. This is evident in the decision-making process, organization policies, employee engagement, and the causes we support.”
The Leaders for Women survey by Euromoney’s division recognized banks that have done the most to encourage women in the workplace across Asia’s financial markets based on the data received from nearly 60 financial institutions. Studies have begun to report that more gender diversity, particularly in corporate settings, increases the possibility of better productivity, innovation, and decision making. More inclusive companies also report higher employee retention and satisfaction.
Aside from upholding women within the organization, Security Bank also champions women empowerment in communities as shown through the advocacies and programs it has supported over the past couple of years.
“We partner with organizations and support causes that recognize women’s potential across industries. This is also one of the ways we stay true to our mission to enrich lives, empower businesses, and build communities,” Tingson added.