Manila: Security Bank partnered with AC Health subsidiaries, I.E. Medica and MedEthix, to provide financing support to their nationwide network of dealers and distributors through its dealer financing program.
According to Philippines News Agency, the program gives accredited partners access to short-term revolving credit lines and inventory financing. These financial solutions are designed to help partners manage working capital, increase purchasing capacity, and improve liquidity.
"This partnership reflects our focus on supporting the healthcare sector, which plays a vital role in both the economy and public well-being," said Yvonne Joanna Marcelo, Senior Vice President and Corporate Banking Group head at Security Bank. By collaborating with I.E. Medica and MedEthix, Security Bank aims to assist their dealer and distributor network in operating more efficiently, strengthening their businesses, and keeping pace with growing demand.
Security Bank stated that the partnership's goal is to contribute to a more resilient and efficient supply chain. "Through this strategic collaboration with Security Bank, we reinforce our collective mission to strengthen the healthcare sector by equipping our downstream dealers with reliable financial solutions that fuel their business growth and sustainable nationwide reach," said Monaliza Salian, president and chief executive officer of I.E. Medica and MedEthix.
