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 has been named by Alpha Southeast Asia, one of the leading financial capital markets magazines in the region, as the Best Retail Bank in the Philippines for 2021. Cited as the most comprehensive awards program in banking and finance focused on Southeast Asia, the Financial...
Security Bank Corporation’s consumer finance arm SB Finance Corporation (SBF) has launched a car title loan that provides vehicle owners quick access to cash in exchange for their car’s OR/CR (Official Receipt and Certificate of Registration). In a statement, the bank said Car4Cash will allow...
The Bangko Sentral ng Pilipinas (BSP) approved four new banking offices in the last quarter of 2020 compared to 67 new branch applications in the same period in pre-pandemic 2019. Based on a BSP circular letter, there was only one approved regular branch and three branch-lite units (BLUs) in the...
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...
Consumer lending company SB Finance Company Inc. (SBF) is tapping the P3 billion in fresh funds to be infused by its shareholders to reach the mass market and help reset economic growth in the new normal. SB Finance is a joint venture between Security Bank Corporation and Thailand’s Bank of...
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 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...
