Security Bank beats industry trend with 28% loan growth
This bank got more of the action last year.
Security Bank Corp. boasted about a record bottom line in 2017 during their annual stockholders’ meeting on Tuesday, April 24.
The bank made P10.26 billion in 2017, a fresh banner year. But what the lender highlighted to investors is the 28 percent loan growth seen last year, which they said is well above the 19 percent industry average.
“The Bank’s loan growth was driven by corporate loans which increased 25%, middle market loans which grew 24%, and consumer loans which expanded 49%,” the lender said in a disclosure.
“Security Bank now has a full slate of consumer loan products consisting of home, auto, credit card, personal and small business loans.”