Security Bank

From Wikipedia, the free encyclopedia

Template:Short description

Page Module:Message box/ambox.css has no content.

Page Module:Message box/ambox.css has no content.

Template:DMCA Template:Use Philippine English

Page Module:Infobox/styles.css has no content.Page Template:Infobox company/styles.css has no content.

Security Bank Corporation
PSE: SECB
FormerlySecurity Bank and Trust Company[1]
Company type
Universal Bank
ISINScript error: No such module "WikidataIB".
IndustryScript error: No such module "WikidataIB".
PredecessorScript error: No such module "WikidataIB".
IncorporatedScript error: No such module "WikidataIB".
FoundedScript error: No such module "WikidataIB".
FounderScript error: No such module "WikidataIB".
DefunctScript error: No such module "WikidataIB".
SuccessorScript error: No such module "WikidataIB".
Headquarters
Makati
,
Philippines
Number of locations
A total network of 313 branches and 787 ATMs (As of 2021)
Area served
Philippines
Key people
Directors[3]
  • Frederick Y. Dy (Chairman Emeritus)
  • Cirilo P. Noel (Chairman)
  • Diana P. Aguilar
  • Daniel S. Dy
  • Hiroshi Masaki
  • Alfonso L. Salcedo, Jr.
  • Takashi Takeuchi
  • Victor Lee Meng Teck (President and CEO)
  • Independent directors: Gerard H. Brimo, Enrico S. Kang, Atty. Jose Perpetuo M. Lotilla, Napoleon L. Nazareno, and Joel Raymond R. Ayson
  • Officers[2]
  • Joel Raymond R. Ayson (Corporate Secretary)
  • Leslie Y. Cham (EVP and Branch Banking Group Head)
  • Colin Dinn (EVP and Enterprise and Technology Head)
  • Joselito E. Mape (EVP and Chief Administrative Officer)
  • Eduardo M. Olbes (EVP and Chief Financial Officer)
  • Raul Martin A. Pedro (EVP and Chief Financial Officer)
  • Charles M. Rodriguez (EVP and Wholesale Banking Group Head)
  • Takashi Takeuchi (EVP and Alliance Segment Head)
  • Ma. Cristina A. Tingson (EVP and Retail Banking Segment Head)
  • Anna Christina M. Chinjen (SVP and Chief Compliance Officer)
  • Gina S. Go (SVP and Chief Risk Officer)
  • Anton Khlon (SVP and Chief Information Officer)
  • Grace S. Ayson (VP and Assistant Corporate Secretary)
ProductsBanking and financial products
RevenueScript error: No such module "WikidataIB".
Script error: No such module "WikidataIB".
Script error: No such module "WikidataIB".
Total assetsScript error: No such module "WikidataIB".
Total equityIncrease Template:Currency billion (2021)[4]
Owner
Shareholding Structure[5]
  • MUFG Bank (20.00%)
  • Frederick Y. Dy (19.39%)
  • Public (23.99%)
  • Daniel S. Dy (12.96%)
  • Others (23.66%)
Number of employees
Script error: No such module "WikidataIB".
ParentPhilippines Asset Management Corporation
Subsidiaries
List of Subsidiaries[6]
  • SB Finance Company, Inc. (49.7%)
  • SB Capital Investment Corporation (100%)
  • SB Cards Corporation (100%)
  • SB Finance and Leasing Inc. (100%)
WebsiteTemplate:Official url

Script error: No such module "Check for conflicting parameters".Script error: No such module "Check for deprecated parameters".

Security Bank Corporation (SBC, Template:Zh)[8] is a universal bank in the Philippines. It was established on June 18, 1951, as Security Bank and Trust Company and was the first private and Filipino-controlled bank of the post-World War II period.

Security Bank was publicly listed with the Philippine Stock Exchange in 1995 (PSE: SECB). The Bank's major businesses include retail, commercial and corporate banking, and financial markets. It offers a wide range of services, including financing and leasing, foreign exchange and stock brokerage, investment banking, and asset management through its subsidiaries.

In 2014, Security Bank embarked on a rebranding campaign called "BetterBanking" to further strengthen market appreciation of its retail banking business, which complements its wholesale banking business.[9]

In January 2016, MUFG (formerly, The Bank of Tokyo-Mitsubishi UFJ), Japan's largest bank, acquired a 20% minority stake of Security Bank for a deal worth ₱36.9 billion.[10]

As of 2021, Security Bank has a total network of 313 branches and 787 ATMs nationwide.[11]

History

File:San Nicolas Binondo Santa Cruz Areas Manila 50.jpg
A Security Bank branch in Manila

Early history

Security Bank was established on June 18, 1951, as Security Bank and Trust Company (SBTC) in Manila, Philippines. At the time, SBTC was the first privately owned, Filipino-controlled bank of the post-World War II era. The bank's head office was first located in the Don Roman Santos Building on Plaza Goiti, moving to Escolta in 1954. At the time, Security Bank was so aggressive in opening branches that at one point during the 1950s, it had more branches in Metro Manila than any other local bank.

Beginning in the 1960s, Security Bank started expanding outside Metro Manila as well, with the opening of its first provincial branch in Angeles City. Within the decade, the bank started a rapid expansion in the provinces. It was also in the 1960s that Security Bank led a consortium of local and foreign companies that lent Template:US$ to the Lopez family to fund their acquisition of Meralco, the first of its kind in Philippine banking history.

In the 1970s, Security Bank issued its first credit card, introducing the Philippines to Diners Club (until Security Bank sold Diners Club's exclusive rights in the Philippines to its rival, BDO Unibank in 2016).[12] It also marked the start of the bank's trust offerings, many of which were deemed innovative, and still survive today as pre-need and common-trust plans, of which they are descended from Security Bank's offerings at the time. Towards the end of the 1970s, the bank was granted permission to operate a foreign currency division by the Bangko Sentral ng Pilipinas. It widened its investment services portfolio in the 1980s, even when the Philippines was thrown into a deepening political crisis. Like other major banks, the Security Bank survived.[13]

The 1990s brought in new owners led by Frederick Y. Dy. On April 26, 1994, the bank was issued a universal banking license by the BSP. With the issuance of its universal banking license, the legal name of Security Bank changed to the present-day Security Bank Corporation. The bank also moved to its new headquarters along Ayala Avenue in Makati. SBC's stock was also formally listed on the Philippine Stock Exchange on June 8, 1995, with a 1.5 billion-peso initial public offering.[14] The Zamora family since 1987, still own stocks in Security Bank after mining magnate Manny Zamora bought Security Bank from Rolando Gapud.

File:Security Bank Automated Teller Machine.jpg
Automated teller machine within a van in Arcovia City

2000–present

In 2016, the bank partnered with Japan's largest bank The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) to bolster its capital and enhance their global capabilities. BTMU is now the second largest shareholder of Security Bank and is now an equity affiliate of BTMU.[15] The partnership with Japan’s largest bank provided Security Bank with additional capital (₱36.9 billion from MUFG), long-term funding, and business collaboration opportunities that support the acceleration of the Bank’s long-term growth strategy including expansion of branch network and increasing penetration of the retail market.

As of December 31, 2018, Security Bank is the 6th largest in total assets among private domestic universal banks in the country, with total assets of ₱767 billion; 6th largest in loans, with loan portfolio of ₱416 billion, and 5th largest in capital, with capital of ₱109 billion.[11]

Ownership

Top 10 stockholders as of April 30, 2023:[16]
No. Stockholder's Name % to Total Common Shares
1 PCD Nominee Corporation 32.08%
2 Eastwest Bank of the Philippines (Gotianun), Ltd. 20.00%
3 PCD Nominee Corporation (Non-Filipino) 19.29%
4 Asiasec Equities, Inc. 16.01%
5 Manuel B. Zamora Jr. (through Frederick Y. Dy) 4.16%
6 Frederick Y. Dy (and/or Evelyn Dy) 3.62%
7 Social Security System (SSS) 2.65%
8 Goodwoord Resources Development Inc. 0.83%
9 James JK Hung 0.32%
10 SB Equities, Inc. 0.25%

See also

Lua error in mw.title.lua at line 404: bad argument #2 to 'title.new' (unrecognized namespace name 'Portal').

References

Page Template:Reflist/styles.css has no content.

  1. ^ Page Module:Citation/CS1/styles.css has no content."History". Security Bank.
  2. ^ Page Module:Citation/CS1/styles.css has no content."Directors and Management". PSE Edge. Philippine Stock Exchange.
  3. ^ Page Module:Citation/CS1/styles.css has no content."Board of Directors". Security Bank Philippines. Security Bank.
  4. ^ a b c d Page Module:Citation/CS1/styles.css has no content."2021 Annual Financial and Sustainability Report: Our journey to customer-centricity" (PDF). Security Bank.
  5. ^ Page Module:Citation/CS1/styles.css has no content."Shareholding Structure". Security Bank Philippines. Security Bank.
  6. ^ Page Module:Citation/CS1/styles.css has no content."Organizational Chart and Group Structure". Security Bank Philippines. Security Bank.
  7. ^ Page Module:Citation/CS1/styles.css has no content."Audited Financials 2021" (PDF). Security Bank.
  8. ^ Page Module:Citation/CS1/styles.css has no content."十大企業納稅者BDO居榜首". 菲律賓商報 (Chinese Commercial News). May 26, 2020. Retrieved May 3, 2023.
  9. ^ Page Module:Citation/CS1/styles.css has no content."Better Banking | About Us | Security Bank Philippines". Security Bank Philippines. Retrieved August 3, 2017.
  10. ^ Page Module:Citation/CS1/styles.css has no content."MUFG buys into Security Bank". The Standard. January 14, 2016. Retrieved January 15, 2016.
  11. ^ a b Page Module:Citation/CS1/styles.css has no content."Business Operations | About Us | Security Bank Philippines". Security Bank Philippines. Retrieved November 8, 2019.
  12. ^ Page Module:Citation/CS1/styles.css has no content."Security Bank units sells PH Diners Club business to BDO". Philippine Daily Inquirer. June 14, 2016. Retrieved June 14, 2016.
  13. ^ Page Module:Citation/CS1/styles.css has no content."History | About Us | Security Bank Philippines". Security Bank Philippines. Retrieved November 8, 2019.
  14. ^ Page Module:Citation/CS1/styles.css has no content."History | Security Bank Philippines". Security Bank Philippines. Retrieved August 3, 2017.
  15. ^ Page Module:Citation/CS1/styles.css has no content.Dumlao-Abadilla, Doris. "Bank of Tokyo-Mitsubishi buys 20% of Security Bank for P37B". Philippine Daily Inquirer. Retrieved August 3, 2017.
  16. ^ Page Module:Citation/CS1/styles.css has no content."Top Shareholders | Shareholder Information | Investor Relations | Security Bank Philippines". Security Bank Philippines. Retrieved January 4, 2021.

Lua error in package.lua at line 80: module 'Module:Navbox/configuration' not found. Lua error in package.lua at line 80: module 'Module:Navbox/configuration' not found.

Retrieved from "https://cosmopedia.co/index.php?title=Security_Bank&oldid=2113677"