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Security Bank Corporation (SBC) recognized as the most profitable among its peers reporting the highest Return on Equity of 20.30% for its un-audited full year 2008 results, and outstanding capital adequacy ratios of 17.63%, keep on track of its nationwide expansion and renovation program with the formal inauguration of three new Branches in Cebu.
Inauguration ceremonies simultaneously opened with a Thanksgiving Mass in these three branch sites located in Banilad, Cebu City, and Tipolo and North Road, in Mandaue City. Banilad Branch serves the high affluent customers and supports the rapid development of this highly commercialized district, fast becoming the social center with its speciality stores, restaurants and lifestyle outlets.
Security Bank President and Chief Executive Officer Alberto S. Villarosa “We are optimistic that with the resiliency of the local business community, Cebu will be among the first in the region to drive more business activity in the area that will help revive the sluggish market conditions.”
Banilad Branch was formally opened by senior bank officers and prominent bank clients who served as principal sponsors. Photo shows from left: Nadine Carino-Arvisu, SVP & Chief Marketing Officer of Security Bank Corporation; Jason Ang, Security Bank’s Area Business Manager of Visayas and Mindanao, Anthony Ting, Managing Director of Anthony Ting Group of Companies; Joey Gaisano, CEO of White Gold Club; Erwin Choachuy, CEO of Powerbrands; Honorable Hilario Davide III, Vice-Mayor of Cebu City and Leslie Cham, SVP & CRBS Sales and Distribution Head of Security Bank Corporation.
An Economic Orientation organized by Security Bank to provide relevant business information and market analysis was held later in the afternoon followed by fellowship cocktails in appreciation of the continued confidence and patronage of its valued customers and business partners.
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