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Security Bank eyes P20B from LTNCDs

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Security Bank Corp.  FILE PHOTO

Security Bank Corp. is raising up to P20 billion from the issuance of high-yielding long-term deposit notes to fund expansion plans.

Posted: July 28th, 2014 in Latest Business Stories | Read More »

Metrobank completes P6.5B IOU issuance

Local banking giant Metropolitan Bank & Trust Co. has completed the issuance of debt notes qualifying as tier 2, or supplementary, capital worth P6.5 billion.

Posted: July 24th, 2014 in Headlines | Read More »

BIR probes tax payments of banks, insurers

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Bureau of Internal Revenue. AFP PHOTO

Tax collections for June fell short of the state’s ambitious monthly target yet again, prompting authorities to look into the effects on businesses of slow government spending and the City of Manila’s truck ban.

Posted: July 19th, 2014 in Editor's Pick,Headlines | Read More »

OFW remittances rose 5.4% to $2B—BSP

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Bangko Sentral ng Pilipinas building INQUIRER FILE PHOTO

Cash transfers from the country’s migrant workers rose in line with government expectations in May, as Filipinos remained in-demand to fill both skilled and unskilled positions around the world.

Posted: July 15th, 2014 in Latest Business Stories | Read More »

Security Bank eyes 12% ROE in 2014

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Security Bank Corp.  FILE PHOTO

Security Bank Corp., the only one among the country’s largest banks that chalked up higher profits in the first quarter compared to 2013, aims to sustain a return on equity (ROE) of at least 12 percent in 2014.

Posted: June 23rd, 2014 in Latest Business Stories | Read More »

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