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Security Bank net profit surged 54% in 9 months

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Security Bank Corp.  FILE PHOTO

Security Bank Corp. grew its nine-month net profit by 54 percent year-on-year to P6.43 billion, securing a rare slot among a few local banks expected to post higher full-year earnings this year compared to last year.

Posted: November 5th, 2014 in Headlines,Latest Business Stories | Read More »

SBC considering bid for UCPB stake

Security Bank Corp.  FILE PHOTO

Security Bank Corp. is interested in more merger and acquisition (M&A) opportunities and may bid for the controlling stake in United Coconut Planters Bank (UCPB) that the government is expected to place on the auction block by 2015.

Posted: October 7th, 2014 in Headlines,Latest Business Stories | Read More »

Security Bank nets P3.61 B in first half of 2014

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Security Bank Corp.  FILE PHOTO

Security Bank Corp. grew its first semester net profit by 115 percent year-on-year to P3.61 billion, defying the industry-wide downturn in treasury earnings.

Posted: August 12th, 2014 in Latest Business Stories | Read More »

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 »

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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