Big banks’ reserve requirements ratio (RRR) could eventually drop to zero percent by 2028 or the end of the central bank governor’s term, according to Security Bank Corp. Speaking to reporters on Wednesday, Feb. 26, Security Bank chief economist Angelo Taningco said he expects the Bangko...
Although the Philippine economy is considered relatively insulated from the potential trade war, Security Bank Corp. chief economist Angelo Taningco cautioned that the country is not entirely immune, identifying the trade war's prospects as the gravest threat. Despite expecting less impact compared...
In the photo from left to right: Ollygar Von Palay (Finance Manager, WeFund Lending Corp.), Francisco “Coco” Mauricio (President and CEO, WeFund Lending Corp.), John Cary L. Ong (Executive Vice President, Security Bank), Alexis Xu (Chief Financial Officer, Finvolution Group), Earvin...
Security Bank Corporation and its shareholder, Bank of Ayudhya PCL (Krungsri), may soon merge Home Credit Philippines (HCP) following the recent exit of MUFG Bank Ltd. from HCP. Security Bank has entered into an agreement to acquire MUFG’s 25 percent stake in HC Consumer Finance Philippines Inc....
Security Bank Corporation registered a 12 percent year-on-year growth in net profit to P8.5 billion in the first nine months of 2024 as revenue growth accelerated to 28 percent compared to the 24 percent posted in the first semester of the year. In a disclosure to the Philippine Stock Exchange...
Security Bank Corporation has successfully raised P20 billion from the issuance of its Fixed Rate Peso Corporate Bonds due 2029— four times the original amount and its largest issue size so far. In a disclosure to the Philippine Stock Exchange, the bank said bonds carry a rate of 6.05 percent per...
Security Bank Corporation’s net profit grew 11 percent to P5.4 billion in the first half of 2024, driven by accelerated growth in business drivers. In a disclosure to the Philippine Stock Exchange, the firm said total revenues for the first half grew 24 percent year-on-year to P25.7...
Security Bank Corporation announced that it has ended its P5-billion bond offer period early as volume significantly exceeded target. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the “prevailing market conditions also allowed the Bank to augment its returns to its...
Security Bank Corporation plans to raise at least P5 billion from a fixed-rate peso bond offering with an oversubscription option to be issued from its P200 billion peso bond and commercial papers program. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the bonds will have a...
Security Bank Corporation, one of the country's leading universal banks, has forged a partnership with eCommerce platform Lazada Philippines to offer its retail banking products to online shoppers. Security Bank and Lazada Philippines formalize partnership with the opening of the Bank’s LazMall...
Security Bank Corporation posted an 11 percent year-on-year improvement in net profit to P2.6 billion in the first quarter of 2024, reflecting growth in its retail and MSME businesses. In a disclosure to the Philippine Stock Exchange, the bank said total revenues increased 27 percent to P12.5...
Security Bank Corporation has issued $400 million of 5.50 percent Senior Unsecured Fixed Rate Notes due May 14, 2029 as a drawdown of its Board approved $1 billion Medium Term Note Program. In a disclosure the Philippine Stock Exchange, the bank said the transaction was announced on the back of a...
