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...
Security Bank Corporation is planning to raise fresh funds through the issuance of US dollar-denominated senior unsecured notes and is probing the debt market to gauge its interest in the securities. In a disclosure to the Philippine Stock Exchange, the bank said it has mandated MUFG and UBS...
Security Bank Corporation and Mitsubishi Motors Corporation have formed a joint venture firm Mitsubishi Motors Finance Philippines Inc. to offer financing services to Mitsubishi customers amid a rapidly expanding domestic car market. In a disclosure to the Philippine Stock Exchange (PSE),...
Security Bank Corporation and Helios, the country's pioneering climate fintech firm behind the innovative solar mortgage program, have joined hands to include solar panels in housing loans. “By leveraging each other’s strengths, we aim to position our solar mortgage offering not merely as an...
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 has been tapped by Epson Philippines Corporation to offer a special financing program to Epson's distributors and their dealers nationwide. In a statement, Security Bank said the Dealer Financing Program is designed to provide financing to the dealers of the distributors...
Security Bank Corporation, a member of the Asia Transition Finance (ATF) Study Group, reported the release of the ATF Annual Report 2023 which aims to help Asian economies move toward net-zero. The ATF Study Group, a private-led initiative whose core participants are banks with operations in Asia,...
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...
