Effective 24 April 2025, SeaBank Philippines, Inc. (A Rural Bank) has officially become part of the banking group under MariBank Singapore Private Limited (“MariBank”). This development follows MariBank’s acquisition of SeaBank Philippines.

MariBank is a digital bank based in Singapore. The bank is fully owned by Sea Limited and operates under a licence from the Monetary Authority of Singapore (MAS).

Both SeaBank Philippines and MariBank belong to the broader Sea Limited Group. MariBank functions as a Singapore-headquartered banking group, responsible for overseeing regional strategy, fostering innovation, and ensuring strong governance across its entities.

The integration and acquisition of SeaBank Philippines into the MariBank group is anticipated to yield substantial benefits. MariBank’s investment will introduce new capital into SeaBank Philippines. The bank will also contribute to a deepening of expertise across a wide array of banking products.

Furthermore, MariBank intends to utilise its strategic position in Singapore as a central hub for financial services to identify and drive new business opportunities specifically for SeaBank Philippines.

For existing customers of SeaBank Philippines, the immediate impact on their banking services is minimal. According to the advisory, there are no changes to the current banking services provided to customers at this time.

The announcement signals a strategic alignment aimed at leveraging the strengths of both entities under the unified MariBank banking group within the larger Sea Limited ecosystem.

Featured image: Edited from Freepik.