Security Bank more bullish on Mindanao

DAVAO CITY – Amid brewing tension in the now shaky peace
process, Security Bank Corporation, with eight branches in Mindanao,
is bullish on the island’s fast growth as local and international
investments pour in, bank officials said.

William Whang, senior vice president and head of SBC’s branch banking group, told reporters in a press conference at The Marco Polo Tuesday they are definitely
expanding in Mindanao and launching highly in demand consumer products. He said the offering is an indicator there is fast growing market for consumer products in Mindanao such as auto, housing, and personal loans.

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About mindanaw

A Journalist from Mindanao

2 responses to “Security Bank more bullish on Mindanao”

  1. Raymond Lee Quijano says :

    bullish nga i think… hay… security first before setting up security bank branches. lolz

  2. mindanaw says :

    Hi Mund. We asked then that question on whether they are factoring that issue in their decision.

    The answer I got was that the security threat is part of the ball game, while they think of the short term concerns such as security in Mindanao, they cannot let it stand in the way of their long term plans daw in Mindanao.

    Curiously, I asked why they cant reveal location and number of branches they are eyeing. The people who met the press said they were not at liberty yet to reveal those facts. Oh, well.

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