Security Bank's net income dropped in '21

By Mayvelin U. Caraballo

Mar 05, 2022 12:15 am

LISTED Security Bank Corp. reported a drop in full-year net earnings in 2021 because of deferred tax assets.

The lender said in a disclosure on Friday that it generated P6.9 billion last year, down 6.75 percent from its declared net income of P7.4 billion in 2020.

A Security Bank branch in San Pedro, Laguna. PHOTO BY AARON RONQUILLO

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