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NEWS UPDATES Asean Affairs    August 2,  2017  









Security Bank net income up 32% in Q2

Philippines: Security Bank Corporation posted double-digit growth in second quarter net income, boosted by net interest income from increased lending.

"For the second quarter alone, from April 1 to June 30, 2017, net income grew by 32-percent from a year earlier to P2.43 billion, keyed by a 24 percent rise in net interest income to P4.9 billion," Security Bank said in a disclosure to the Philippine Stock Exchange.

The second quarter results brought the banks net income to P5.2 billion in the first half of the year, up 8 percent year-on-year.

"This result was driven by a 26 percent or P1.9 billion increase in net interest income to P9.3 billion," the bank said.

"In the first half of 2017, the increase in net interest income was driven by a 27 percent growth in the loan portfolio to P340 billion and a 26 percent growth in deposits to P380 billion," it added.

Non-interest income, including trading gains, totaled P2.9 billion, down 15 percent or P0.5 billion.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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