By Doris C. Dumlao
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.
Security Bank Corp. on Friday started offering as much as P10 billion worth of debt notes that will qualify as supplementary or tier 2 capital under the Basel 3 capital adequacy framework.
By Paolo G. Montecillo
Security Bank Corp. expects returns for its investors to stay at healthy levels this year despite a slight drop in profits at the end of the third quarter due to lower trading gains.
Security Bank Corp. posted a net profit of P7.5 billion last year, the highest in the bank’s history, as extraordinary trading gains complemented expanded earnings from core lending.
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.