+ Follow RAFAEL F Tag
RAFAEL F
Array
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[results] => Array
(
[0] => Array
(
[ArticleID] => 228379
[Title] => Security Bank to pursue goals aggressively
[Summary] => Security Bank will more aggressively pursue its business objectives following the Monetary Board’s approval of its application to raise its capital by up to P3 billion through the issuance of unsecured subordinated notes.
Rafael F. Simpao, Jr., president and chief executive officer of Security Bank, said the Tier 2 capital increase will further strengthen the bank which as of now already has a capital adequacy ratio of 15 percent. The required minimum is 10 percent.
[DatePublished] => 2003-11-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 218638
[Title] => Security Bank net earnings, deposits surge
[Summary] => Security Bank Corp. reported net earnings of P475 million for the first semester this year, or 76 percent better than the P269 million in the same period last year.
"Security Bank’s financial performance this year continues to be outstanding, with net income generated in the first six months of 2003 already at 94 percent of our full year earnings in 2002," Rafael F. Simpao Jr., SBC president and chief executive officer, said.
[DatePublished] => 2003-08-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[2] => Array
(
[ArticleID] => 215657
[Title] => Security Bank profit up 76%
[Summary] => Security Bank Corp. (SBC) increased its net earnings by 76 percent to P475 million in the first six months of 2003, from P269 million registered in the same period last year.
Bank officials said initiatives such as forging strategic alliances, deepening customer relationships, proper distribution channels, operating at an efficient level, and making wise and profitable investments continued to pay dividends for the medium-sized commercial bank.
[DatePublished] => 2003-08-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 209651
[Title] => Security Bank posts 71% profit growth
[Summary] => Mid-sized commercial bank Security Bank Corp. (SBC) posted a 71-percent growth in net income to P408 million in the first five months of the year, although the huge gain was largely due to bigger provisioning for losses undertaken last year.
"In fact, it is equivalent to 80 percent of net earnings for the whole of 2002," SBC president and chief executive officer Rafael F. Simpao Jr. said yesterday.
[DatePublished] => 2003-06-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 197628
[Title] => Security Bank bags half billion in earnings
[Summary] => Security Bank Corp. (Security Bank) registered a robust 24 percent improvement in net income last year.
Its deposit base grew 11.1 percent while loan volumes increased by 7.24 percent in the wake of increased loan origination and more active participation in term financing syndications for top-tier corporations.
Operating income, buoyed by trading gains and syndication-related fees, boosted other income sources by 35 percent to P1.58 billion from P1.17 billion last year.
[DatePublished] => 2003-03-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[5] => Array
(
[ArticleID] => 179042
[Title] => Security Bank inks MOA with BIR
[Summary] => Security Bank Corp. (Security Bank) signed a memorandum of agreement recently with the Bureau of Internal Revenue (BIR) and the Bureau of Treasury (BTr) last week formalizing its participation in the Electronic Filing and Payments System (eFPS) for tax collections of the BIR.
Labeled eFPS RealTime and part of its DigiBanker suite of corporate cash management services, Security Bank’s new facility will allow large corporate taxpayers to course their tax payments to the BIR in a secure, direct, and convenient manner.
[DatePublished] => 2002-10-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[6] => Array
(
[ArticleID] => 162658
[Title] => Security Bank projects P530-M profit this year
[Summary] => Security Bank Corp. (SBC) is projecting a net income of P500 million to P530 million this year, an increase of 17 percent to 24 percent over the P427-million net income posted by the bank last year.
SBC president Rafael F. Simpao said the projected modest growth in earnings is based on proper management of spreads, expenses and an increase in other income.
"Deposits is projected to grow by a modest single digit," Simpao added.
[DatePublished] => 2002-05-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 159504
[Title] => Security Bank net income up 4.72%
[Summary] => Security Bank registered a 4.72-percent growth in net income for the first quarter and remains on track for a conservative full-year growth target of two percent.
In a disclosure to the Securities and Exchange Commission (SEC), the bank reported a net income of P133 million, slightly better than that P127 million recorded in the same period last year.
Assuming a consistent growth, the bank is projected to have a full-year net income of P500 million, slightly higher than the P427 million registered in 2001.
[DatePublished] => 2002-05-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 94055
[Title] => Security Bank sees flat earnings
[Summary] => The Security Bank Corp. is projecting a net income of P430 million this year, up by a mere two percent from its P422-million net income in 2000. The figure in 1999 was P412 million.
For the first half this year, the bank estimates its net profit to hit P235 million, a fraction better than the P227 million registered in the same period last year.
Bank president Rafael F. Simpao Jr. said the flat earnings reflect the sluggish economy, with the entire industry estimated to grow by a modest five percent this year.
[DatePublished] => 2001-07-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 95665
[Title] => Security Bank sees flat earnings
[Summary] => The Security Bank Corp. is projecting a net income of P430 million this year, up by a mere two percent from its P422-million net income in 2000. The figure in 1999 was P412 million.
For the first half this year, the bank estimates its net profit to hit P235 million, a fraction better than the P227 million registered in the same period last year.
Bank president Rafael F. Simpao Jr. said the flat earnings reflect the sluggish economy, with the entire industry estimated to grow by a modest five percent this year.
[DatePublished] => 2001-07-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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November 18, 2003 - 12:00am
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