Security Bank Corporation operates within the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Security Bank with three other
companies in this sector in Philippines:
China Banking Corporation
sales of 39.75 billion Philippine Pesos [US$782.76 million]
of which 31%
was Retail Banking Business),
Union Bank of the Philippines
(37.30 billion Philippine Pesos [US$734.50 million]
of which 34%
was Consumer Banking), and
Rizal Commercial Banking Corporation
(36.93 billion Philippine Pesos [US$727.05 million]
of which 59%
was Retail Banking).
During the year ended December of 2018, sales at
Security Bank were 38.56 billion Philippine Pesos (US$759.30 million).
increase of 12.4%
versus 2017, when the company's sales were 34.32 billion Philippine Pesos.
This was the fifth consecutive year of sales increases at Security Bank
(and since 2013, sales have increased a total of 140%).
Sales of Retail Banking saw an increase
that was more than double the company's growth rate: sales were up
55.4% in 2018, from
6.23 billion Philippine Pesos to 9.67 billion Philippine Pesos.
Security Bank also saw significant increases in sales in
Wholesale Banking (up 26.2% to 9.41 billion Philippine Pesos)
All Other Segments (up 18.5% to 3.02 billion Philippine Pesos)
Not all segments of Security Bank experienced an increase in sales in 2018:
sales of Financial Markets fell 57.2% to 3.79 billion Philippine Pesos.