The Asian Banker names Security Bank as strongest bank in PH

·1 min read

RANKING first in the Philippines and among the strongest in the Asia-Pacific region, premier financial magazine The Asian Banker recently awarded Security Bank in a virtual ceremony on Feb. 25, 2021 as the Philippines’ Strongest Bank in 2020 in its recently published Top 500 Strongest Banks Rankings.

Security Bank landed the number one spot after passing The Asian Banker’s rigorous assessment which used a detailed and transparent scorecard that covers six areas of balance sheet performance: the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.

According to The Asian Banker, Security Bank “outperformed its peers in the Philippines in profitability with the strongest profit growth, the lowest cost to income ratio and the best noninterest income to total operating income ratio.

Its liquidity position was also strengthened. Meanwhile, its asset quality remained relatively sound.” (PR)