SBC meaning in Business ?
Answer: What is Security Bank Corporation mean?
Security Bank Corporation (SBC) is a universal bank in the Philippines. It was established on June 18, 1951 as Security Bank and Trust Company and was the first private and Filipino-controlled bank of the post-World War II period.
Security Bank was publicly listed with the Philippine Stock Exchange in 1995 (PSE: SECB). The Bank's major businesses include retail, commercial and corporate banking, and financial markets. It offers a wide range of services, including financing and leasing, foreign exchange and stock brokerage, investment banking, and asset management through its subsidiaries.
In 2014, Security Bank embarked on a rebranding campaign called "BetterBanking" to further strengthen market appreciation of its retail banking business, which complements its wholesale banking business.
In January 2016, The Bank of Tokyo-Mitsubishi UFJ, Japan's largest bank, acquired a 20% minority stake of Security Bank for a deal worth 36.9 billion pesos.
As of July 2019, Security Bank has a total network of 306 branches and 793 ATMs nationwide.
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