Security Bank relocates some branches to high foot traffic areas
SECURITY Bank Corp. has relocated two of its Zambales-based branches to higher foot traffic areas amid the industry transition to digital banking.
The bank had moved its Subic and Olongapo branches to ground floor office spaces.
“Despite the transition to digital banking, branch banking remains an integral channel of Security Bank to strengthen customer relationships and provide that much needed ‘human touch,’” Security Bank Executive Vice-President and Branch Banking Head Leslie Y. Cham said in a press release on Tuesday.
The bank said it relocated the two branches to improve public access at high foot traffic areas.
“The Subic Bay Branch has moved to the ground floor of the Optima Building while the Olongapo Branch has moved to the ground floor of the C&C Business Center,” Security Bank said.
More Filipinos have transitioned to digital banking after pandemic-related restrictions limited face-to-face transactions since last year.
Security Bank’s net income went up by 71% year on year to P1.715 billion in the third quarter after it cut loan loss provisions and expenses. As of September, its net income dropped 28% to P4.8 billion.
Security Bank runs 316 bank branches nationwide. — Jenina P. Ibañez
