Security Bank Corporation announced its partnership with UniTeller Financial Services, an international cross-border and remittance payments processor. The bank said it recently joined UniTeller’s extensive payout network in the Philippines in March 2021 to enable greater financial access for...
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...
Ranking first in the Philippines and among the strongest in the Asia Pacific region, premier financial magazine The Asian Banker recently awarded Security Bank in a virtual ceremony last February 25 as the Philippines’ ‘Strongest Bank in 2020’ in its recently published Top 500 Strongest Banks...
Security Bank Corporation was recently awarded by the Institute of Corporate Directors with two golden arrows for its ranking in the 2019 ASEAN Corporate Governance Scorecard. The ASEAN Corporate Governance Scorecard is an assessment based on publicly available information and benchmarked against...
Security Bank Corporation posted a 26 percent drop in net income to P7.4 billion last year from the P10.1 billion earned in 2019 due to higher provisions. In a disclosure to the Philippine Stock Exchange, the firm said total revenues jumped 48 percent to P50.4 billion from the previous year, driven...
SB Finance’s two major shareholders, Security Bank Corporation and Thailand’s Bank of Ayudhya (commonly named as Krungsri), have obtained their respective internal approvals to infuse P3 billion in additional capital to the company. In a disclosure to the Philippine Stock Exchange,...
SB Capital Investment Corporation (SB Capital), the investment arm of Security Bank Corporation (SBC), was recently recognized by The Asset and FinanceAsia Awards for its participation in several fund-raising activities. In a statement, SBC said SB Capital was cited for its role as lead arranger,...
Security Bank Corporation posted a decline of 13 percent in net income to P6.7 billion in the first nine months of 2020 from P7.7 billion in the same period last year as higher provisions offset increases in net interest income and trading gains. In a disclosure to the Philippine Stock Exchange,...
The ongoing COVID-19 pandemic has made both employers and workers more aware of the need for an employee retirement plan as part of the new normal. Security Bank’s Trust and Asset Management Group thus sees employee retirement...
Security Bank Corporation (SBC) has sealed a strategic partnership with Thailand’s Bank of Ayudhya, commonly known as Krungsri, with the sale of half of consumer finance subsidiary SB Finance Company, Inc. In a disclosure to the Philippine Stock Exchange, PSBank said Krungsri has acquired a...
Security Bank announced that it will continue to offer free InstaPay and PESONet for free until December 31, 2020 as part of its efforts to support the lockdown measures and keep clients safe at home. “We encourage everyone to remain safe during this pandemic by staying at home and conducting...
