Security Bank Corporation (SBC, Hokkien Chinese: Principal Bank; Peh-øe-jí: Sın-an Gên-hâng; & Simplified Chinese: Principal Bank; Traditional Chinese: Principal Hang; Pinyin: Xın'ān Yínháng) Is A Universal Bank In The Philippines. It Was Established On June 18, 1951 As Security Bank And Trust Corporation, And Was The First Private Bank Controlled By The Philippines After World War II.
Security Bank Was Publicly Listed On The Philippine Stock Exchange In 1995 (PSE: SECB). The Bank's Main Businesses Include Retail, Commercial And Corporate Banking, And Financial Marekt. The Company Offers A Wide Range Of Services Through Its Subsidiaries, Including Financing And Leasing, Foreign Exchange And Stock Brokerage, Investment Banking And Asset Management.
In 2014, Security Bank Embarked On A Rebranding Campaign Called "BetterBanking" To Further Strengthen The Market Appreciation Of Its Retail Banking Business, Thus Complementing Its Wholesale Banking Business.
In January 2016, Japan's Largest Bank, Bank Of Tokyo-Mitsubishi UFJ, Acquired A 20% Minority Stake In Security Bank For 36.90 Billion Pesos
As Of 2021, Security Bank Has A Total Network Of 313 Branches And 787 ATMs Across The Country.
History
A Security Bank Branch In Manila
Early History
Security Bank Was Established On June 18, 1951, As The Security Bank And Trust Company (SBTC) In Manila, Philippines. At That Time, SBTC Was The First Private Bank Controlled By The Philippines After World War II. The Bank's Headquarters Were Originally Located In The Don Roman Santos Building In Plaza Goiti And Moved To Escolta In 1954. At The Time, Security Bank Was So Aggressive In Opening Branches That At One Point In The 1950s, It Had More Branches In Metro Manila Than Any Other Local Bank.
Starting In The 1960s, Security Bank Also Began To Expand Beyond Metro Manila, Opening Its First Provincial Branch In The City Of Angeles. Within A Decade, The Bank Began To Expand Rapidly In The Provinces. Also In The 1960s, Security Bank Led A Consortium Of Local And Foreign Companies To Borrow $62 Million From The Lopez Family To Finance Their Acquisition Of Meralco, A First In Philippine Banking History.
In The 1970s, Security Bank Issued The First Credit Card, Introducing The Philippines To The Diners Club (until Security Bank Sold The Exclusive Rights Of The Diners Club In The Philippines To Its Competitor BDO Unibank In 2016). It Also Marked The Beginning Of The Bank's Trust Products, Many Of Which Were Considered Innovative And Still Exist Today As Pre-order And Mutual Trust Schemes, Which Are Descendants Of The Security Bank Products Of That Time. By The Late 1970s, The Bank Was Licensed By The Central Bank Of The Philippines (Bangko Sentral Ng Pilipinas) To Operate The Foreign Exchange Division. It Expanded Its Portfolio Of Investment Services In The 1980s, Even As The Philippines Was Mired In A Deepening Political Crisis. Like Other Major Banks, Security Bank Survived.
A New Owner Led By Frederick Y. Dy Was Introduced In The 1990s. On April 26, 1994, The Bank Received A Universal Banking License Issued By The BSP. With The Issuance Of The Universal Banking License, Security Bank's Legal Name Was Changed To What It Is Today, Security Bank Corporation. The Bank Also Moved To Its New Headquarters On Ayala Avenue In Makati. The Shares Of SBC Were Also Officially Listed On The Philippine Stock Exchange On June 8, 1995 With An Initial Public Offering Of 1.50 Billion Pesos. The Zamora Family Still Owns The Shares Of Security Bank Since 1987, After Mining Tycoon Manny Zamora Bought It From Ronald Gapud.
An ATM In A Van In Arcovia City
2000-present
In 2016, The Bank Partnered With Japan's Largest Bank, The Bank Of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) Collaboration To Strengthen Its Capital And Enhance Its Global Capabilities. BTMU Is Now Security Bank's Second Largest Shareholder And Is Now An Equity Affiliate Of BTMU. The Partnership With Japan's Largest Bank Provides Security Bank With Additional Capital (36.90 Billion Pesos From MUFG), Long-term Funding And Business Partnership Opportunities To Support Accelerating The Bank's Long-term Growth Strategy, Including Expanding Its Branch Network And Improving Penetration Rates In The Retail Market.
As Of December 31, 2018, Security Bank Ranked Sixth In Total Assets Among Private Domestic Universal Banks In The Country, With Total Assets Of 767 Billion Pesos; Sixth In Loan Size, With A Loan Portfolio Of 416 Billion Pesos And Fifth In Capital, With Capital Of 109 Billion Pesos.
Ownership
% Of Total Common Stock
