Tag: Security Bank

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Security Bank balances growth, buffers risks

Security Bank Corp., the country’s 7th largest lender, delivered solid topline momentum in 2025, posting total revenues of P66.9 billion, up 22 percent year on year, as diversified income streams and steady core lending activity powered results.

Banks, DTI forge startup growth pact

Global financial institutions are deepening ties with the Department of Trade and Industry (DTI) to accelerate Philippine startup growth and expand innovation links across ASEAN and Japan.

Better interest margin, trading gains lift Security Bank 1H profit

Security Bank Corp., the country’s seventh-largest lender by assets, said strong revenue growth and improved margins lifted its net income in the first half of the year by 8 percent to P5.9 billion.

Citicore Renewable secures P4.4B loan for solar

Citicore Renewable Energy Corp. (CREC) secured a P4.4 billion project finance loan to support the development of its 125-megaWatt-hour Citicorp Solar Pangasinan project.

Security Bank names new CFO, creates Wealth Segment

Security Bank Corp., the seventh largest lender in the country, moved forward with its organizational transformation, with major leadership changes and the formal creation of its Wealth Segment.

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Megaworld targets 12,000 hotel rooms by 2032

Megaworld is accelerating its hospitality expansion, targeting nearly 12,000 hotel rooms by 2032 as it moves deeper into some of the Philippines’ fastest-growing tourism destinations, including Palawan and Ilocos Norte.

MPower Powers Big Ben Group’s Bulacan facilities in new alliance 

MPower, the retail electricity supplier of Meralco led by Manuel V. Pangilinan, has officially partnered with Big Ben Group to provide stable, cost‑effective power to the company’s manufacturing facilities in Pulilan, Bulacan.

PLDT Enterprise deploys Starlink for Mindanao quake recovery

PLDT Enterprise, together with PLDT and Smart, has deployed Starlink satellite connectivity to restore critical communications after the powerful earthquake in parts of Mindanao. Teams were immediately sent to General Santos City and South Cotabato to assess networks and support restoration in coordination with the DICT and local governments. Most facilities remained stable, with disruptions driven mainly by power outages; Starlink was rolled out at key sites including Malungon and Alabel Sarangani Provincial Hospitals, and response command centers. PLDT COO Menardo “Butch” G. Jimenez Jr. noted connectivity lets people reach loved ones and supports rebuilding, while PLDT Enterprise SVP Blums Pineda said the group aims to be first responders for responders to speed recovery. The companies stand ready to support communities through rebuilding.

PNIA, DOF optimistic EO 122 will unlock critical minerals’ full economic potential 

Stakeholders including the Philippine Nickel Industry Association (PNIA) and the Department of Finance (DOF) have voiced strong optimism over the transformative economic promise of Executive Order (EO) 122, signed by President Ferdinand Marcos Jr. to establish a national framework for critical minerals.

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