Security Bank - updates

Rappler's latest stories on Security Bank


EastWest Bank not for sale, says Filinvest

Jun 22, 2020 - 9:10 PM

EastWest Bank is rumored to be consolidating with another bank, as the coronavirus pandemic triggers bad loans. Filinvest, the bank's controlling stockholder, denies the speculations.

Security Bank nets P2.9 billion in Q1 2020, increases loan loss buffer

Apr 29, 2020 - 1:30 PM

Security Bank joins other banks in increasing provisions for loan losses due to the coronavirus crisis

Important things to know about the security of your ATM card

Jan 19, 2018 - 2:43 PM

Replacing your magnetic stripe card with EMV chip is the first step. Here’s why you need to #MakeTheShift

Christmas 2017 bank schedules

Dec 20, 2017 - 9:00 PM

(4th UPDATE) Here are Philippine banks' operating hours for the holiday season

Bank schedules during 2017 ASEAN Summit

Nov 09, 2017 - 7:15 PM

Banks in Metro Manila release advisories on their operating hours for the duration of the Association of Southeast Asian Nations (ASEAN) Summit

Security Bank net income rises by 21% to P2.14 billion in Q3 2017

Nov 06, 2017 - 6:00 PM

The 3rd quarter result means Security Bank's net income for the first 9 months of the year is up 12% to P7.4 billion

Bank schedule: Undas 2017

Oct 30, 2017 - 7:00 PM

Here are the operating hours of various banks for Tuesday, October 31 and Wednesday, November 1

Security Bank, RCBC add anti-fraud measures to debit cards

Sep 18, 2017 - 10:40 PM

Both banks add a remote lock/unlock feature to guard against unauthorized transactions

Some banks suspend operations due to Tropical Depression Maring

Sep 12, 2017 - 1:22 PM

Here s a list of banks with limited operations in areas affected by Tropical Depression Maring

Artificial intelligence reinventing banking in PH

Apr 24, 2017 - 2:00 PM

Banks in the Philippines are starting to invest in artificial intelligence

ARTIFICIAL INTELLIGENCE. AI is changing the face of banking in the Philippines. Rappler file photo

RCBC chief counsel Estavillo quits

Nov 29, 2016 - 1:10 PM

RCBC announces the resignation of lawyer Maria Celia Fernandez Estavillo over a week after the Anti Money Laundering Council filed criminal charges against several RCBC officers

RESIGNATION. Estavillo is the lawyer who represents Rizal Commercial Banking Corporation (RCBC) in the $81-million Bangladesh Bank heist case. Photo by Alecs Ongcal/Rappler

BSP to intervene if there's too much forex volatility

Nov 23, 2016 - 7:40 PM

We just need to further enhance our surveillance and continue to build buffers because there are many moving parts in the external sector in the global economy says BSP chief Amando Tetangco Jr

NOT UNIQUE. BSP says that the weakness of the peso is not unique to the Philippines as other emerging market currencies are also weakening due to the strength of the greenback. Rappler file photo

AMLC files charges vs RCBC officers on Bangladesh Bank heist

Nov 22, 2016 - 6:31 PM

The former treasurer and 5 other officers and employees of listed Rizal Commercial Banking Corporation RCBC are charged for violating Republic Act 9160 or the Anti Money Laundering Act of 2001

CHARGES FILED. Philippine senators probe into the location of the stolen money and main players in the money-laundering case. Photo by Alecs Ongcal/Rappler

Security Bank to rejoin PSE

Aug 24, 2016 - 6:45 PM

The local bourse announces that Security Bank will replace Bloomberry Resorts Corporation which will be removed from the main index on September 12

REPLACEMENT. Security Bank will replace Bloomberry Resorts Corporation, which is set to be removed from the main index in September

RCBC reorganizes board after Bangladesh Bank heist scandal

Jul 26, 2016 - 9:05 PM

In the wake of the scandal RCBC strengthens its board of directors increasing the number of independent directors to 7 from the previous 4

AFTERMATH. In the wake of the Bangladesh Bank heist scandal, RCBC strengthens its board of directors. Rappler file photo

Bangladesh envoy to Duterte: Help us recover $81M stolen funds

Jul 21, 2016 - 8:30 PM

If the President is so serious about crime and corruption I think this is an issue that should be addressed Bangladesh Ambassador to the Philippines John Gomes says

'IN THE DARK'. Bangladesh Ambassador to the Philippines John Gomes says after the Senate probe, the investigation on the Bangladesh Bank heist became quiet. Photo by Alecs Ongcal/Rappler

Will Senate revive probe into Bangladesh Bank heist?

Jun 10, 2016 - 11:30 AM

The 16th Congress adjourns with no resolution to the probe into Bangladesh Bank s stolen millions

A REVISIT? Senate President Franklin Drilon says Bangladesh Bank heist resolution is now up to the 17th Congress. Photo by Alecs Ongcal/Rappler

BSP cancels registration of PhilRem, Werquick, Peso Remittance

Jun 01, 2016 - 5:45 PM

The cancellation stems from PhilRem s role in the elaborately planned 81 million Bangladesh Bank heist

'CLEANING HOUSE'. PhilRem owners Salud Bautista (C) and Michael Bautista (R) did not attend the last Senate hearing on the Bangladesh Bank money laundering scam. File photo by Alecs Ongcal/Rappler

Hard lessons learned as Senate ends bank heist probe

May 20, 2016 - 11:27 AM

Senators assure an upset Bangladesh Ambassador John Gomes that the money stolen from his government would be returned up to the last centavo as the Senate ends its probe on the grand money laundering scheme

LAST HEARING. Senate blue ribbon committee ends its two-month probe into the Bangladesh Bank fund heist on May 19. Photos by Chrisee Dela Paz/Rappler

PhilRem owners no-show in last Senate hearing on bank heist

May 19, 2016 - 5:35 PM

PhilRem has the lowest credibility among them all They are consistently inconsistent says Senator Guingona as the blue ribbon committee wraps up its probe

NO SHOW. PhilRem owners Salud Bautista (C) and Michael Bautista (R) did not show up at the last Senate hearing on Bangladesh Bank money laundering scam. Photo by Alecs Ongcal/Rappler

Security Bank unfazed by election uncertainty

Apr 26, 2016 - 7:00 PM

The bank s chairman says they are very bullish for the country and its business prospects even after the 2016 national elections

UNFAZED. Security Bank officials say whoever the next president will be, business will continue to be bullish. Photos by Chrisee Dela Paz/Rappler

7 banks extend operating hours to help decongest ports

Apr 04, 2016 - 5:30 PM

These banks are Deutsche Bank Security Bank Asia United Bank Metrobank RCBC BDO and EastWest

EXTENDED HOURS. The Bureau of Customs says it is already seeing faster movement within ports in terms of released shipments over the weekends

Security Bank finalizes deal with Bank of Tokyo Mitsubishi

Apr 01, 2016 - 5:00 PM

BTMU Japan s largest commercial bank now has 20 ownership of the voting stock and two board seats in Security Bank

MARKET PENETRATION. Security Bank says the partnership would enhance its shareholder value by accelerating its growth strategy, including expansion of its branch network

AMLC to draft bill relaxing bank secrecy

Apr 01, 2016 - 9:39 AM

But an Anti Money Laundering Council member says there may be no longer enough time to pass the bill under the Aquino administration

URGENTLY NEEDED. Dooc says he has heard President Benigno Aquino III is willing to certify the bill as urgent. Photo by LeAnne Jazul/Rappler

How to safeguard the Philippines from dirty money

Mar 23, 2016 - 11:45 AM

The Anti Money Laundering Council must fight dirty money but they need some help

BLACK HOLE. The dirty money entered the Philippines was traceable until entered the black hole of casinos, Senator Guingona says. Photo by LeAnne Jazul/Rappler

Local banks eye measures to counter online attacks

Mar 21, 2016 - 5:11 PM

As shown in the attack on the Bangladesh central bank online thieves are getting increasingly sophisticated and focused online where they can do the most damage

Bank of Tokyo Mitsubishi acquires 20% stake in Security Bank for P37B

Jan 14, 2016 - 12:40 PM

UPDATED Once the transaction is completed it will be the largest equity investment in a Philippine financial institution by a foreign investor

MARKET PENETRATION. Security Bank says the partnership would enhance its shareholder value by accelerating its growth strategy, including expansion of its branch network

Bank holiday schedules for Christmas 2015

Dec 18, 2015 - 7:08 PM

Please refresh this page for updates

2015 HOLIDAYS. Philippine Savings Bank (PSBank) announces bank schedule for the holidays

IN PHOTOS: A ‘rally’ for hassle-free banking

Nov 12, 2015 - 6:52 PM

Security Bank launched their new All Access account through a picket line in Bonifacio High Street Taguig City last Sunday November 8

Banks announce Holy Week schedule

Mar 31, 2015 - 12:38 PM

Clients are encouraged to fulfill their banking transactions ahead of the long weekend

Secure a home loan that adjusts to your lifestyle

Jan 21, 2015 - 1:20 PM

Getting a loan and keeping up with the monthly amortizations is achievable with a flexible home loan plan

Security Bank branches that are open during the holidays

Dec 17, 2014 - 4:17 PM

List of Security bank branches that will be open from December 24 2014 to January 4 2015 except December 29

ANZ, Mizuho Bank to help finance Ilocos wind project expansion

Jun 28, 2014 - 1:52 PM

With the new loan of 90 million for the project in the Energy Development Corporation says it is on track to complete the 87 MW Phase 1 of the project by fourth quarter 2014

EXPANSION. Energy Development Corporation bank rolls its Burgos, Ilocos Norte wind power project expansion through additional loans from ANZ and Mizuho banks. Photo from EDC website

PNB, Security Bank to help finance Burgos wind project expansion

Jun 17, 2014 - 1:49 PM

The Lopez led EDC secures bank loans to partially finance the project raising total investment cost to 450 million

EXPANSION. Energy Development Corporation bank rolls its Burgos, Ilocos Norte wind power project expansion through loans from PNB and Security Bank. Photo from EDC website

Don't raise ATM fees, banks told

Sep 26, 2013 - 3:57 PM

Citing consumer protection issues the Bangko Sentral ng Pilipinas BSP says banks have to defer hikes in ATM fees pending a study of industry practices

NO HIKE. The banking regulator orders industry players to defer increase in ATM fees. File photo by AFP

Top PH banks to increase ATM fees

Sep 25, 2013 - 3:44 PM

The banks say increase in charges will cover higher operating costs between ATM owners

HIGHER FEES. Several top banks will begin charging clients higher fees for transactions done on other banks' ATMs. File Photo by AFP

Phinma unit receives second P300-M loan

Mar 26, 2013 - 2:06 PM

Loan proceeds will be used to refinance a previous loan to reduce interest expense

ANOTHER LOAN. UGC received a second P300 million loan in as many days. Photo from company website.