{"id":151320,"date":"2018-02-06T00:23:44","date_gmt":"2018-02-06T05:23:44","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=151320"},"modified":"2018-02-06T00:23:44","modified_gmt":"2018-02-06T05:23:44","slug":"security-bank-posts-record-p10-3b-profit-in-2017","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/02\/06\/security-bank-posts-record-p10-3b-profit-in-2017\/","title":{"rendered":"Security Bank posts record P10.3B profit in 2017"},"content":{"rendered":"
\"Listed<\/a>
Listed Security Bank Corporation (SBC) chalked up a record-high net income of PHP10.3 billion in 2017, driven by double-digit growth in net interest and non-interest income. (Photo<\/a>: Security Bank\/Facebook<\/a>)<\/figcaption><\/figure>\n

MANILA — Listed Security Bank Corporation (SBC) chalked up a record-high net income of PHP10.3 billion in 2017, driven by double-digit growth in net interest and non-interest income.<\/p>\n

The bank\u2019s profit grew 20 percent in\u00a02017 from PHP8.55 billion in 2016.<\/p>\n

SBC told the local bourse on Monday its net interest income grew by 22 percent to PHP19.4 billion, while non-interest income increased by 15 percent to PHP5.7 billion.<\/p>\n

Trading gains surged 36 percent to PHP2.4 billion, while service charges, fees, and commission income rose slightly by 3 percent.<\/p>\n

SBC’s total revenues increased 20 percent to PHP25.1 billion.<\/p>\n

For the fourth quarter of 2017, the bank’s net income rose 49 percent year-on-year to PHP2.9 billion, driven by a 16-percent growth in net interest income to PHP5 billion and gain on sale of securities of PHP1.3 billion.<\/p>\n

Loans increased 28 percent to PHP369 billion. Wholesale loans grew 25 percent,\u00a0where corporate loan growth\u00a0was 25 percent, while middle market loan growth increased by 24 percent.<\/p>\n

Consumer loans, accounting for 16 percent of total loans, continued with its upward trajectory, growing 49 percent.<\/p>\n

Deposit grew 19 percent, with low-cost deposits growing 18 percent.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA — Listed Security Bank Corporation (SBC) chalked up a record-high net income of PHP10.3 billion in 2017, driven by …<\/p>\n","protected":false},"author":33,"featured_media":90955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[2673,17672],"class_list":["post-151320","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-profit","tag-security-bank","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/151320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=151320"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/151320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/90955"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=151320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=151320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=151320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}