MANILA, Philippines — Security Bank Corp., led by tycoon Frederick Dy, achieved a record net income of ₱11.6 billion in 2025, a 3% increase from the previous year. The bank’s performance was bolstered by a 22% surge in total revenues, though the bottom line was partially tempered by a significant increase in credit provisioning.
- Total Revenues: Reached ₱66.9 billion, driven by core banking strength.
- Net Interest Income: Rose 15% to ₱50.5 billion, with a resilient net interest margin of 4.66%.
- Non-Interest Income: Jumped 47% to ₱16.5 billion, fueled by securities trading, foreign exchange gains, and joint venture earnings.
- Total Assets: Grew 6% to reach ₱1.2 trillion.
The bank nearly doubled its provisions for credit and impairment losses, setting aside ₱12.8 billion (up from ₱6.6 billion in 2024). This “disciplined risk management” approach aims to buffer against macroeconomic challenges while maintaining a stable gross non-performing loan (NPL) ratio of 2.89%.
Security Bank saw robust expansion in its retail sector, with a 14% jump in retail loans:
- Auto Loans: Up 24%.
- Credit Cards: Up 16%.
- Home Loans: Up 9%.
- Total Deposits: Expanded 16% to ₱930.5 billion.
While operating expenses rose 19% due to investments in technology and manpower, the bank’s cost-to-income ratio improved slightly to 58.75%.
“Following a period of intentional investment… we are refocusing on disciplined growth, delivering strong revenue momentum, improving asset quality, and maintaining a resilient balance sheet,” said Victor Lee Meng Teck, President and CEO of Security Bank.
