Quantcast

Security Bank named PH bank of the year




THE BANKER, a magazine published by the Financial Times of London, has bestowed on Security Bank Corp. the 2012 Bank of the Year Award for the Philippines.

The Bank of the Year Awards is an annual event that promotes excellence in the global banking community by recognizing the top financial institutions in the world. Judges select only one bank from each country, making it the most sought-after award across the globe.

Being named “Bank of the Year” by The Banker Magazine is a testament to the strong management, sound business model and prudent risk approach of each chosen institution.

“We are honored to have been bestowed this prestigious award as it now places us among the world’s most elite financial institutions,” said Security Bank president and CEO Alberto Villarosa.

Security Bank posted a third-quarter income of P6.2 billion, up by 55 percent year-on-year.

In 2011, it earned P6.7 billion with a return on equity (ROE) of 25 percent, outpacing the industry average of 12.14 percent. Return on Asset (ROA) was 3.5 percent versus the industry average of 1.46 percent.

In bestowing the award to Security Bank, The Banker cited that, in the past year, Security Bank had emerged as a competitive player in the local banking and finance industry, following its acquisition of consumer and savings specialist Premiere Development Bank and a loan growth of 24 percent.


Follow Us






Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

  • Iggy Ramirez

    Move your money from BDO to Security bank.

    Gotta check this bank out

    • http://pulse.yahoo.com/_6KQ3DYZP5GWHYFQOAVUT4X6JCY Sal

       already did last month. hahahhaa



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement
Marketplace