Security Bank sees strong year, lending up 20% in Q1

Security Bank Corporation (PSE : SECB) expects to further benefit from a reinvigorated banking sector for the rest of the year after it reported generating a 20.2% increase in its loan portfolio to P98.6 billion, up by P16.6 billion, in the first quarter from a year ago. In a report to the Philippine Stock Exchange, Security Bank disclosed that net interest income for the quarter grew to P2 billion, 22.3% higher compared with the same period last year reflecting the Bank