No less than President Duterte will take the lead in the government's campaign to eradicate the threat of local communist insurgency to ensure that it will be completed at the soonest time possible, National Security Adviser (NSA) Hermogenes Esperon Jr. bared in a statement. President Rodrigo Roa...
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,...
Businessmen Salvador Zamora and Benjamin Bitanga has acquired 5G Security Inc. (5GS), a fast-growing, technology-driven security solutions provider operating all over the Philippines for a transaction value of P850 million. Zamora and Bitanga and Menlo Capital Corp. acquired 5GS from Group 4...
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 Bangko Sentral ng Pilipinas (BSP) has suspended its operations and transactions of its payments and settlements, and the trading of the peso-US dollar, among other things, due to typhoon “Ulysses.” The BSP also announced late in the morning of Thursday that it will not be receiving cash...
(Taylor Weidman / Bloomberg / FILE PHOTO / MANILA BULLETIN) State-run Social Security System (SSS) has extended the validity of Land Bank of the Philippines issued checks to provide members with additional time to encash their benefits and loans. In a statement, Aurora C. Ignacio, SSS president and...
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...
(MANILA BULLETIN FILE PHOTO) State-run Social Security System (SSS) partnered with the Development Bank of the Philippines (DBP) to expedite the crediting of monthly pensions to pensioners' accounts and eliminate disbursements through checks. Beginning this month, SSS regular pensions will be...
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...
