$

SECB

SECURITY BANK CORP
SECB.PS
Last Price
0.00
GMT / 17 JUL 2019
Value Change [%]
0.00
[(0.00%)]
Volume
00
Open
0.00
Day's High
0.00
Year's High
211.62
Previous Close
182.10
Day's Low
0.00
Year's Low
131.25
Earnings Per Share
11.45
P/E Ratio
15.90
Lot Size
10
Div. Yield (%)
1.10
Dividend
2.00
Div. Pay Date
25 APR 2019
Ex-Div. Date
04 APR 2019
Last Trade
0.00
Last Trade Time (GMT)
Last Trade 2
0.00
Last Trade 3
0.00
Volume
00
Turnover
00
Bid
0.00
Bid Size
00
Ask
0.00
Ask Size
00
Close Bid
182.10
Close Ask
182.50
aseanexchanges
@aseanexchanges

Security Bank Corporation is a Philippines-based bank. The Bank's business segments are Financial Markets Segment, Wholesale Banking Segment, Retail Banking Segment and All Other segments. Its Financial Markets Segment focuses on providing money market, foreign exchange, financial derivatives, securities distribution, asset management, as well as the management of the funding operations for the Bank. Its Wholesale Banking Segment offers various services, such as relationship management, lending and other credit facilities, trade and deposit-taking services. It also provides structured financing and advisory services relating to debt and equity capital raising, project financings, and mergers and acquisitions. It also includes the equity brokerage operations of the Bank. Its Retail Banking Segment is engaged in deposit-taking and servicing, consumer loans and credit card facilities. Its All Other Segments include remittances, leasing, transaction banking and other support services.

  • Market News
Japan's MUFG looks online to boost Africa, Middle East networks
12 September 2019
source: reuters.com
    By Takashi Umekawa and Takaya Yamaguchi
    TOKYO, Sept 12 (Reuters) - MUFG Bank Ltd  8306.T  plans to
roll out an online platform to help clients find business
partners in countries outside of Asia where it does not have a
strong network, an official with Japan's largest lender said. 
    The MUFG Trade Club, to be introduced this month, will link
MUFG clients into a broader network of 13 other banks including
Spain's Santander  SAN.MC  and South Africa's Standard Bank
 SBKJ.J , the official said, who declined to be identified, as
the information has not been made public yet. 
    The move represents an acknowledgment by MUFG Bank that it
hasn't met the needs of Japanese clients looking to expand into
Africa, the Middle East, and parts of Europe where it does not
have a strong presence or local partner, the official told
Reuters this week. 
    MUFG Bank is the lending arm of Mitsubishi UFJ Financial
Group, one of the world's largest banks by assets.
    "There are clients who want to sell their products such as
cosmetics, accessories, and Japanese sake, into non-Asian
countries," the official said.   
    Japan's big banks have typically followed the lead of their
large clients in moving abroad. MUFG has a presence in the
United States, the United Kingdom and elsewhere, including a
wide network in Asia. 
    It has stakes in PT Bank Danamon Indonesia Tbk  BDMN.JK ,
Thailand's Bank of Ayudhya Pcl  BAY.BK , Security Bank Corp
 SECB.PS  of the Philippines, and Vietnam-based VietinBank. The
ties reflect Japan's status as a top exporter to those
countries, accounting for $83 billion in exports in 2018,
according to IMF trade data. 
    By contrast, Japanese companies and banks have lagged behind
Chinese rivals in other emerging markets, particularly in
sub-Saharan Africa. Standard Bank, Africa's largest lender by
assets, is 20% owned by Industrial and Commercial Bank of China
 601398.SS 
    While the new service will be provided for free, MUFG is
betting it will mean new business if clients need foreign
exchange transactions or capital investment.
    It aims to have at least 300 clients registered on the
platform, the official said.

 (Reporting by Takashi Umekawa and Takaya Yamaguchi; Editing by
David Dolan and Sherry Jacob-Phillips)
 ((Takashi.Umekawa@thomsonreuters.com;))
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