Security Bank 9M2016 Net Income Hits PhP6.6B

Makati—(PHStocks)—Security Bank Corp. (PSE: SECB) posted PhP6.6 billion in net income in the first nine months of 2016, up 9% year-on-year. This result was driven by a 28% growth in net interest income equivalent to a PhP2.5 billion increase. This more than made up for a PhP1.3 billion decrease in securities trading gains from PhP2.9 […]
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Security Bank Lists the New Shares Earlier Issued to The Bank of Tokyo-Mitsubishi UFJ

Makati—(PHStocks)—Security Bank Corp. (PSE: SECB) today listed on the Philippine Stock Exchange the 150,707,778 new common shares that it had issued to The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) on 1 April 2016. Attending the listing and bell ringing ceremony at the Philippine Stock Exchange (PSE) were key officials of the Bangko Sentral ng Pilipinas […]
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BDO to Buy SB Cards’ Diners Club Franchise

Makati—(PHStocks)—BDO Unibank Inc. (PSE: BDO) and SB Cards Corp. (SB Cards), the credit card subsidiary of Security Bank Corp. (PSE: SECB), have signed an agreement whereby BDO accepted SB Cards’ offer to sell its rights as the exclusive issuer and acquirer of Diners Club International (DCI) credit cards in the Philippines. The acquisition includes SB Cards’ existing Diners Club […]
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PHStocks Exclusive: Top 50 Best Performing Stocks in May 2016

Manila—(PHStocks)—Last month saw the Philippines’ presidential elections, and the looming change of administration in the country saw investor mood getting more positive, as seen in the mostly positive levels of the mainboard PSE index. We have yet to see really the impact of this new government in the country’s economy. Let’s just hope it’s for […]
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PHStocks Exclusive: Top 50 Best Performing Stocks in March 2016

Below is the list of the top 50 strongest performing stocks for the month of March. 1. Concrete Aggregates Corp. “A” (PSE: CA): PhP339, 438.09% 2. Da Vinci Capital Holdings Inc. (PSE: DAVIN): PhP5.90, 115.33% 3. Mabuhay Vinyl Corp. (PSE: MVC): PhP4.78, 71.94% 4. Synergy Grid & Development Philippines Inc. (PSE: SGP): PhP250, 64.47% 5. […]
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Security Bank and BTMU Complete Strategic Partnership Deal

Makati—(PHStocks)—Security Bank Corp. (PSE: SECB) and The Bank of Tokyo-Mitsubishi UFJ Ltd (BTMU) completed the strategic partnership deal signed last 14 January 2016. Security Bank has received capital investment of PhP36.9 billion from BTMU. In turn, SECB issued to BTMU 150,707,778 common shares and 200,000,000 preferred shares, representing BTMU’s 20% ownership of the voting stock in […]
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LRMC Inks PhP24B Loan Facility, EPC for LRT 1 Cavite Extension

Makati—(PHStocks)—Light Rail Manila Corp. (LRMC), a joint venture company of Metro Pacific Investments Corp.’s (PSE: MPI) Metro Pacific Light Rail Corp. (MPLRC), Ayala Corp.’s (PSE: AC) AC Infrastructure Holdings Corp. (AC Infra), and the Philippine Investment Alliance for Infrastructure’s Macquarie Infrastructure Holdings (Philippines) Pte Ltd (MIHPL), announced the simultaneous signing on 11 February 2016 of […]
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Security Bank Posts Record PhP7.7 B Net Income for 2015

Makati—(PHStocks)—Security Bank Corp. (PSE: SECB) posted a record-high net income of PhP7.7 billion in 2015, which is 7% higher than previous year and translates to a 15.2% return on shareholders’ equity (ROE). Loans increased 24% year-on-year to PhP240 billion while deposits grew 17% to PhP290 billion. Corporate/commercial loans increased 21%. Key consumer loan portfolios composed […]
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