Security Bank Corp. expects its total loan growth to slow down on the back of high base effects, its president said on Wednesday, July 25.
In a business matching event in Makati City, Security Bank said it projects slower loan growth this year following “stronger than expected” lending performance in 2017.
“We don’t give our targets, but I think the loan growth this year will be lower than last year,” Security Bank President and Chief Executive Officer Alfonso L. Salcedo, Jr. said Wednesday.
“For one thing, our loan growth last year was very strong. It was at 28%.” — Karl Angelo N. Vidal