Tag: Security Bank

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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.

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.

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XPENG enters Philippine market with six EV variants

Chinese electric vehicle maker XPENG has officially entered the Philippine market, launching six variants across two models as it expands its footprint in Southeast Asia.

St. Luke’s adds laser system for faster vision correction

St. Luke’s Medical Center–Global City has introduced the VisuMax 800 femtosecond laser system, expanding its range of advanced vision correction procedures and enabling laser treatment in seconds per eye.

Lopez lifts PUV fare adjustment freeze; new rates start September 28

Transportation Secretary Giovanni Lopez has officially ended the moratorium on public utility vehicle fare adjustments, acting on the Land Transportation Franchising and Regulatory Board’s recommendation to restore rate changes put on hold last March. The new fares take effect this coming Monday, September 28, responding to sustained high fuel costs that have strained the sector.

Households and businesses signal turnaround as economic optimism rebounds

Economic sentiment across the Philippines is turning a corner as both families and business owners show growing confidence in their financial future.

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