Security Bank, Thai partner inject P3 billion in new JV

Security Bank, Thai partner inject P3 billion in new JV
Lawrence Agcaoili
© Philstar.com/Deejae Dumlao, file
Security Bank, Thai partner inject P3 billion in new JV
MANILA, Philippines — Security Bank Corp. and Thailand’s Bank of Ayudhya (Krungsri) are infusing P3 billion into their leasing and finance joint venture in anticipation of strong demand from the consumer finance segment as the economy recovers from the pandemic-induced recession.
Security Bank president and chief executive officer Sanjiv Vohra said the capital infusion of both Security Bank and Krungsri into SB Finance is an expression of support in the recovery of the economy.

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