Security Bank Board Approves Plan to Issue Long-Term Negotiable Certificates of Deposit

 28 July 2014, Makati, Philippines – The Board of Directors of Security Bank Corporation (PSE: SECB) approved today the Bank’s plan to issue up to PHP 20 billion in Long-Term Negotiable Certificates of Deposit (LTNCD).

The LTNCD issuance will be subject to regulatory approval and prevailing market conditions. The LTNCD issuance will be done in multiple-tranche format whereby there may be different maturity dates per tranche.

The proceeds from the planned LTNCDs will be used to fund Security Bank’s expansion of earning assets in the coming periods as well as provide customers and investors with suitable investment products.

 About Security Bank

Security Bank is the 8th largest private domestic universal bank in the country with total assets of PHP 377 billion, 7th largest in loans with loan portfolio of PHP 166 billion, and 8th largest in capital at PHP 42 billion as of March 31, 2014.

Security Bank has been a recipient of numerous awards, among which, in 2013, Security Bank was Best Managed Bank in the Philippines by The Asian Banker of Singapore, and in 2012, Security Bank was Bank of the Year in the Philippines by The Banker of London, and the Strongest Bank in the Philippines by The Asian Banker. The Bank has been operating for 63 years since it was established in 1951.

More information is available on our website: www.securitybank.com.

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