Security Bank 1st Semester Income Improves Further

MANILA, July 31 2002 – Security Bank Corporation (PSE:SECB) registered a 47% improvement in operating income in the 1st half of 2002 compared to same period last year. Net income before provisions and taxes improved to P1.0 billion, owing largely to healthy gains in non-interest income and further improvement in the management of operating expenses. In addition, a 2.74% reduction in the bank