Security Bank Sustains Earnings Growth Momentum

30 March 2004 – Security Bank Corporation (PSE:SECB) posted a net income of P631 million for 2003, 24% higher than the P508 million it earned in 2002.

The consistent improvement in earnings is attributed to strong revenue growth in net interest margins and service fees & commissions, as well as continuing substantial revenues from its trading businesses. Coupled with further reductions in operating expenses, these factors improved the Bank