Security Bank (Security Bank) Credit Losses Provision : $0.0 Mil (As of Dec. 2023)

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What is Security Bank Credit Losses Provision?

Security Bank's credit losses provision for the three months ended in Dec. 2023 was $0.0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $0.0 Mil.

Security Bank Credit Losses Provision Historical Data

The historical data trend for Security Bank's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Security Bank Credit Losses Provision Chart

Security Bank Annual Data

Trend

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Credit Losses Provision

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Security Bank Quarterly Data
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Security Bank Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Security Bank (Security Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Security Bank Corp (OTCPK:SYBJF) » Definitions » Credit Losses Provision

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SECB:Philippines

Address

6776 Ayala Avenue, Security Bank Centre, Makati, PHL, 0719

Website

https://www.securitybank.com

Security Bank Corp is a company that is principally engaged in banking. It operates in four segments; Financial Markets Segment focuses on providing the money market, foreign exchange, financial derivatives, securities distribution, asset management, trust, and fiduciary services, Wholesale Banking Segment addresses the corporate, institutional, and public sector markets and commercial clients. Services include relationship management, lending and other credit facilities, trade, cash management, deposit-taking, and leasing services, Retail Banking Segment addresses individual, retail, and small businesses. It covers deposit-taking and servicing, consumer loans, credit card facilities, and bancassurance, and All Other Segments include other support services.

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