Security Bank Announces Record-Breaking Growth in

Security Bank Corporation (PSE:SECB) held its annual stockholders meeting last Tuesday May 29, 2007. During the meeting, President and Chief Executive Officer Alberto S. Villarosa reported another record net income for Security Bank of P1.9 billion or a 65% growth over P1.16 billion in the previous year, and exceeding the two successive years of at least 50% growth. The increase is more than double compared to the entire Philippine Banking industry average in percentage terms. Based on BSP statistics, average net income growth of universal and commercial banks were only at 29% and 26% for 2005 and 2006, respectively. Mr. Villarosa emphasized the Bank