Tag: Security Bank

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Security Bank wins ABF awards for digital banking, Terra Solar

Security Bank Corp. and its investment banking arm Security Bank Capital Investment Corp. have won three Asian Banking & Finance Awards 2026, recognizing their digital banking initiatives and role in financing one of the Philippines’ largest renewable energy projects.

Security Bank CFO Yap named SME finance forum co-chair

Security Bank Chief Financial Officer JD Yap has been named one of four co-chairs of the newly launched East Asia and Pacific Regional Chapter of the SME Finance Forum, giving the Philippines a seat at the table in regional efforts to expand financing for micro, small, and medium enterprises.

Security Bank profit rises amid higher provisions

Security Bank Corp. posted stronger first-quarter earnings as higher revenues and tighter cost controls boosted core profitability, even as the lender increased provisions to cushion against evolving market risks.

Embedded credit sneaks into everyday Filipino spending

Credit, it turns out, no longer waits at the bank. It shows up at payday, at checkout, and increasingly right where Filipinos need it.

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.

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Supreme Court strikes down key national budget provisions

The Supreme Court has declared unconstitutional key provisions of the 2024, 2025 and 2026 national budgets, ruling that congressional increases beyond the President’s recommended appropriations violated constitutional limits and weakened safeguards over public spending.

VinFast VF 3 tops Philippine electric vehicle sales

The VinFast VF 3 emerged as the Philippines’ best-selling battery electric vehicle (BEV) model in the first eight months of 2026, recording 2,906 units sold from January to August, according to data from the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) cited by the company.

September auto sales up 21%, but 9-month slump persists

Philippine automotive sales rebounded 21 percent in September as dealerships recovered from weather-related disruptions, but the monthly surge has yet to reverse the industry’s double-digit decline for the first nine months of 2026.

DTI proposes tougher e-bike rules, higher compliance costs

The Department of Trade and Industry (DTI) is proposing mandatory safety certification for electric bicycles, scooters and other light electric vehicles (LEVs), a move that could drive up compliance costs for businesses while tightening safeguards against electrical and battery-related hazards.

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