Security Bank Corp (SYBJF/SYBJF.PK) Wrap Up:

Security Bank Corporation provides commercial banking and investment banking services in the Philippines. Its Commercial banking operations include Corporate Relationship, Branch Banking, and Consumer Lending Groups; and Investment banking includes Treasury Group, Fixed Income and Securities Division, and Investment House. The Corporate Relationship group provides lending, trade, and cash management services to corporate and institutional customers. It offers banking products and services, including credit facilities, syndicated loans, specialized lending, purchase of suppliers? receivables, cash management, and trade finance. The Branch Banking group addresses the individual, retail, and small-and-medium enterprise markets. It offers retail deposit products, including current accounts, savings accounts, and time deposits; and services offered consist of bills payment, safekeeping of post-dated checks, payroll services, and deposit pick-up services. The Consumer Lending group engages in credit card and auto finance businesses. The Treasury Group involves in reserve and liquidity management; funding and gapping; fixed income trading of treasury bills, fixed rate treasury notes, and U.S. dollar bonds; foreign exchange trading and sales; and derivatives trading and structuring. The Fixed Income and Securities Division serve the needs of the retail and corporate markets for financial instruments. It serves insurance companies, nonbank financial institutions, and asset management companies. The Investment House engages in equity and debt underwriting/syndication, project finance, private placements, financial advisory, mergers and acquisitions, and stock brokering operations. As of 31 December 2006, the Security Bank Corporation had a network of 114 online branches and 93 ATMs. The company was founded as Security Bank and Trust Company in 1951 and changed its name to Security Bank Corporation in 1994. The company is headquartered in Makati City, Philippines.