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Security Bank hosted an Economic Orientation on the Fundamentals of Macroeconomics in Cebu recently to provide relevant business information to its customers and guide them in making better business decisions. Cebu’s business entrepreneurs highly anticipated the event as a means to gain insights and obtain a better appreciation of market fundamentals.
Security Bank’s senior management team led by President and CEO, Alberto S. Villarosa and Executive Vice-President of Commercial and Retail Segment Patricia May Siy, together with senior officers joined in the economic forum.
Mr. Charles Ledesma, a noted academician from the University of the Philippines College of Business Administration, shared his insights on the fundamentals of macroeconomics to provide a clearer picture of its impact to the business environment and corporate landscape. While Security Bank’s Senior Vice-president and Head of Treasury, Mr. Rafael Algarra, Jr. delved into the “2009 Market Outlook for Overseas and Domestic Market”.
Mr. Villarosa revealed his positive outlook on Cebu businesses in light of uncertain times. He noted, “We are showing faith in the region and our commitment to strengthen our partnership particularly during these challenging times.” He further stated that valuable market analysis is needed to make “sound decisions and be more competitive amidst the changing business climate.
Mr. Villarosa acknowledged the resilience of Cebu’s business sector, stressing that its dynamic and aggressive stance has allowed the continued growth in the region. “As the urban core and center of commerce in the region, we are confident that Cebu will radiate its influence to the rest of VisMin with the presence of growth centers in the outlying areas and growing industries in Mandaue as well as the government infrastructures that provide additional opportunities for employment and income.”
Three Cebu Security Bank branches were simultaneously inaugurated with two new branches in Mandaue City and the third in Banilad, Cebu City which brings to five the number of Security Bank branches in Cebu.
Security Bank has carved a niche as a strong universal bank that has sound, safe and efficient banking practices. It is recognized as one of the best performing banks, consistently reporting better-than-industry figures in Return on Equity (ROE) and capital adequacy ratio indices that outperform the bigger banks in the industry.
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