Security Bank Corporation reported a 13.74 percent drop in net income to P9.1 billion last year from the P10.55 billion earned in 2022 mainly due to higher expenses and provisions for credit card losses. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its total revenues...
Security Bank Corporation reported a 21 percent drop in net income to P4.9 billion in the first half of 2023 from the P6.2 billion earned in the same period last year due to higher expenses and provisioning. In a disclosure to the Philippine Stock Exchange, the bank said it saw growth in core...
Security Bank Corporation posted a 77 percent jump in net income to P8.6 billion in the first nine months of 2022 from P4.8 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said the hike in earnings was driven by growth in core businesses, lower...
Security Bank Corporation doubled its net income to P6.2 billion in the first half of 2022, driven by growth in core businesses, lower credit provisions and normalized income tax provisions. “We are very pleased by the continued improvement in our core businesses. Our growth in loans and...
Security Bank Corporation posted a 66 percent jump in net income to P2.7 billion in the first quarter of 2022, driven by growth in core businesses, lower credit provisions and normalized income tax provisions. In a disclosure to the Philippine Stock Exchange, the bank noted that, 2021 tax...
Security Bank Corporation’s net income income dipped to P6.9 billion in 2021 from P7.4 billion in the prior year because the passage of the CREATE law triggered a one-time P1.2 billion charge for deferred tax assets. In a disclosure to the Philippine Stock Exchange, the bank said its profit...
Security Bank Corporation posted 28 percent drop in net profit to P4.8 billion in the first nine months of 2021 from the P6.7 billion earned in the same period last year which was marked by strong trading gains. In a disclosure to the Philippine Stock Exchange, the bank said its profit before tax...
Security Bank Corporation (PSE: SECB) posted 46 percent drop in net profit to P3.1 billion in the first half of 2021 from the P5.7 billion reported for the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said its profit before tax was up 20 percent to P5.5 billion...
Security Bank Corporation (SBC) has been named the Philippines’ Best Bank by London-based financial magazine Euromoney during its 2021 Euromoney Awards for Excellence. “In the competitive field of Philippine banking, the best response to Covid-19 came not from the biggest banks but a rising...
Security Bank Corporation reported that its net profit dipped 10 percent to P1.6 billion in the first quarter of 2021 from the P2.9 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said the decline was due to the passage of the CREATE law which...
Security Bank Corporation has sealed a deal with its global partner MUFG Bank, Ltd. (MUFG) that will allow MUFG’s corporate clients to gain access to the bank’s cash management system, DigiBanker. In a statement, Security Bank said “The agreement aims to provide MUFG’s clients...
Security Bank Corporation reported that the Japan Credit Rating Agency, Ltd. (JCR) has affirmed its A- investment grade credit rating with stable outlook, the same level as the Philippine sovereign rating. In a disclosure to the Philippine Stock Exchange, Security Bank quoted JCR as saying that the...
