Security Bank still top securities dealer

MANILA, Philippines - Medium-sized commercial bank Security Bank Corp. has received for the seventh consecutive year the prestigious “Cesar EA Virata Award” as the 2011 Best Securities House at the 2012 Philippine Dealing System (PDS) Group Annual Awards held recently at the Makati Shangri-La Manila.

The bank also won four other major awards from PDS as top fixed-income brokering participant, top fixed-income cash settlement bank; top Five spot foreign exchange dealer (ranking third); and top five fixed-income dealing participant (ranking 3rd).

 Security Bank president Alberto Villarosa said that the distinction is a tribute not only to Security Bank, but also to all the market participants that have shown major strides in fixed income securities trading and investment through the Philippine Dealing and Exchange Corp. (PDEx). 

“We now have a self-regulated exchange that has grown to include far more participants, larger trading volumes, and healthy market liquidity on an array of issues,” Villarosa said.

He said that Security Bank is not only privileged to have contributed to the growth of a more mature and dynamic capital market.  

“With this award, we renew our commitment to serve the investing public and spur further growth of the country’s capital markets,” the bank president added.

This recent award as 2011 Best Securities House comes in the heels of an international recognition in three major categories from The Asian Banker 500, as THE BEST in Asia for maintaining the highest Return on Assets at 4.6 percent.

It was also cited among the top 30 strongest banks in the Asia Pacific region and third strongest in the Philippines.

The Asian Banker 500 is an annual study of the financial and business performance of the commercial banking industry in the Asia Pacific Region.

These unprecedented citations give further credence to the bank’s international reputation as a recognized Philippine industry leader with prior awards such as “The Best Banking Group in the Philippines” by World Finance Banking Awards; Asiamoney’s “Best Debt House in the Philippines” and “The Best Managed Company in the Philippines – Small Cap Corporate of the Year”, the only bank from the Philippines among all awardees.