Security Bank to squeeze profits from 3-year spend

Quick Summary:

THE spending this year of Security Bank Corp.would be slower than what the market witnessed last year as key executives said the lender seeks to squeeze profits from its 3-year investment beginning in 2022.

We did open four or five branches last year in Metro Manila.

Indeed, Security Bank’s profits have not been that exciting since 2023 as the bank’s net income after tax slid to P9.1 billion in 2023 from P10.5 billion the previous year.

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Article Details

Author / Journalist: Dennis Estopace

Category: BusinessStartups

Markets: Philippines

Topics: Terms We’re Olbes Year Vohra Last Percent 2023 Security Lender Branches

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-30 @ 11:44:37 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 622 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 25629126

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 7 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 9 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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