Security Bank profit climbs 11% to P2.6B

By Brix Lelis

May 16, 2024 12:26 am

SECURITY Bank Corp. posted a net profit of P2.6 billion in the first quarter, up 11 percent from a year earlier, led by in its retail and micro, small and medium enterprise (MSME) businesses.

Revenues rose 27 percent year on year to P12.5 billion, with net interest income growing 44 percent to P10.7 billion and noninterest income totaling P1.8 billion, the bank said in a disclosure on Wednesday.

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