Security Bank earns record income in 2012

Security Bank Corp. claims that it has delivered sustained financial results in 2012 with an all-time high net income of P7.5 billion, and industry-best return on shareholders’ equity of 22 percent and return on assets of 3.3 percent.

The bank also delivered on its growth objectives, highlighted by the 30-percent increase in its loan portfolio to P 119.7 billion, outpacing the banking industry’s 16-percent growth for the year. In support of economic development, the Security Bank’s loans went to critical sectors of the economy such as power, utilities, infrastructure, wholesale and retail trade, food, agriculture and consumer goods.