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In their efforts to push for a stronger bond market in the Philippines, leading universal bank Security Bank Corporation (SBC), was recognized as the leader in local currency bond sales and trading, in award ceremonies held in Singapore; attended by the top financial executives of Asia.
The 2007 Asset Magazine Benchmark Research, an influential assessment of financial markets across Asia, highlighted once again the excellence and expertise of Security Bank. The Bank was voted as the over-all (government and corporate) ‘Best in Peso Currency Bonds’ and ‘Best in Peso Government Bonds’ by traders, investors, asset managers and analysts of more than 300 international institutions.
“Through teamwork and perseverance among our traders and sales personnel, we were able to effectively service the needs of our individual, corporate and institutional clients,” shares SBC, Treasurer, Rafael S. Algarra, Jr., upon receiving the award in Singapore. “We continue to strive to keep ahead of our competitors and we are happy that we can confidently deliver to our clients sound investment advice culled from our long experience and expertise in the fixed income market.”
The Asset Magazine, the largest circulated financial magazine to global investors specializing in Asia, conducted the survey to determine and recognize financial institutions that effectively make an impact on their respective markets.
“Security Bank has positioned itself as a mover in the local markets by actively pursuing profitable opportunities for the bank and its clients,” added Algarra.
Since 2005, the Philippine Dealing and Exchange (PDEx) has consistently ranked Security Bank as the number one bank in terms of volume and value traded for Peso Government Bonds, increasing its total volume traded by more than 100 percent from P253 billion in 2006 to P575 billion in 2007– a testament to the bank’s commitment to upholding shareholder value.
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