Security Bank profit rises to P7.7 B 0 SHARES Share it! Share TweetBy James A. LoyolaSecurity Bank Corporation posted an 18 percent growth in net income to P7.7 billion in the first nine months of the year on the back of 22 percent profit growth in the third quarter to P2.7 billion. Service charges, fees and commissions for the nine-month period increased by 45 percent to P2.9 billion. Income before provision for credit losses and income tax in the nine-month period was P11.3 billion, up 31 percent versus year-ago level. This brought provision for credit losses in the nine-month period to P1.75 billion.

Source: Manila Bulletin November 04, 2019 13:52 UTC