December 10, 2024 | 12:00am
MANILA, Philippines — SB Capital Investment Corp., the investment banking subsidiary of Security Bank Corp., has announced a rebranding initiative and now operates as Security Bank Capital and Investment Corp.
The name change that took effect on Nov. 12 was officially approved by the Securities and Exchange Commission (SEC). It is part of the bank’s strategy to align the investment arm more closely with the “BetterBanking” brand of its parent company.
Security Bank Capital also said it aims to strengthen its corporate identity and solidify its position as a key player in the investment banking sector.
“Security Bank Capital will continue to provide the same level of excellence and comprehensive investment banking services to our valued clients,” Virgilio Chua, president and CEO of Security Bank Capital, said in a statement.
“We are excited about this development and remain dedicated to supporting our clients’ financial goals with renewed vigor and a unified brand presence,” he said.
The firm’s new name reflects its continued commitment to delivering financial solutions tailored to the evolving needs of clients.
Established in October 1995, Security Bank Capital is the wholly-owned investment banking arm of Security Bank. It offers a range of investment banking services, including debt capital markets, equity capital markets, project finance, financial advisory, and stock brokerage services.
In 2021, Security Bank Corp. raised over P500 billion in the debt capital market and over P100 billion in the equity capital market.
“Throughout the years, SB Capital’s engagements have strengthened its strategic alliances with leading local and international financial institutions, carving out a niche for the company in major growth sectors such as power, energy, healthcare, property, manufacturing, micro-finance and services,” the firm said.
Security Bank booked a 12-percent jump in net income to P8.55 billion in the first nine months versus last year’s P4.83 billion amid higher revenues.
For the third quarter alone, net earnings rose by 14 percent to P3 billion from a year ago. On a quarterly basis, the bank’s profit inched up by seven percent.
The 73-year-old bank has 334 branches and 678 ATMs nationwide.
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