Security Bank Corporation

 is universal bank in the Philippines.

 It was established on June 18, 1951, as Security Bank and Trust Company
and

 was the first private and Filipino-controlled bank of the post-World War ll period.

 was publicly listed with the Philippine Stock Exchange in 1995

 It's major businesses include retail, commercial and corporate banking, and
financial markets. It offers a wide range of services including financing and
leasing, foreign exchange and stock brokerage, investment banking and asset
management through its subsidiaries.

2014
Security Bank embarked on a rebranding campaign called "BetterBanking" to further
strengthen market appreciation of its retail banking business which complements its
wholesale banking business.
2016
They continued this campaign with the "Better Banking Stories" that featured prominent
clients of the bank. In January 2016, The Bank of Tokyo-Mitsubishi UFJ, Japan's largest
bank, acquired the 20% minority stake of Security Bank for a deal worth 36S billion
pesos.

HISTORY
Security Bank was established on June 18, 1951, as Security Bank and Trust Company
in Manila.
At the time, SBTC was the first privately owned, Filipino-controlled bank of the post-
World War II era.
was first located in the son Ramon Santos Building on Plaza Goiti, moving to Escolta in
1954. At the time, Security Bank was so aggressive in opening branches that at one
point during the 1950s, it had more branches in Metro Manila than any other local bank.
1960
Security Bank also started expanding outside Metro Manila, with the opening of its first
provincial branch in Angeles City,Pampanga. Within the decade, the bank started a
rapid expansion in the provinces. It was also in the 1960s that Security Bank led a
consortium of local and foreign companies that lent us $62 million to the Lopez family
to fund their acquisition of Meralco.the first of its kind in Philippine banking history.
1970
Securit Bank issued its first credit-card introducing the Philippines to Diners Club. It also
the start of the bank's trust offerings, many of which were deemed innovative, and still
survive today as pre-need and common-trust plans, of which they are descended from
Security Bank's offerings at the time. Towards the end of the 1970s, the bank was
granted permission to operate a foreign currency division by theBangko Sentral mg
mansanasas. It widened its investment services portfolio
1980
even when the Philippines was thrown into a deepening political crisis. Like other major
banks, Security Bank survived.
1990
brought in new owners led by present chairman Frederick Y. Dy. On April 26, 1994, the
bank was issued a universal banking license by the BSP. With the issuance of its
universal banking license, the legal name of Security Bank changed to the present-day
Security Bank Corporation. The bank also moved to its new headquarters along Ayala
Avenue in Makati,City. SBC's stock was also formally listed on the Philippine Stock
Exchange on June 8, 1995, with a 1.5 billion-peso initial public offering.
2016
the bank partnered with Japan's largest bank The Bank of Tokyo-Mitsubishi UFJ, Ltd.
(BTMU) to bolster its capital and enhance their global capabilities. BTMU is now the
second largest shareholder of Security Bank while Security Bank is now an equity
affiliate of BTMU. The bank celebrated its sixty-fifth anniversary on June 18, 2016.
SM Investments Corporation (SMIC),

 also known as SM Group,

 Founded by Henry Sy

 is a Pjilippine conglomerate with interests in shopping mall development and

management,retail, real estate development, banking, and tourism.

 it has become one of the largest conglomerates in the Philippines,being the

country's dominant player in retail with 208 stores nationwide. Of these, 47 are
SM Department Stores; 38 are SM Supermarkets; 37 are SM Hypermarkets and
86 are SaveMore branches.

 It is the largest company in the Philippines in terms of market capitalization, and

has repeatedly ranked as the top Philippine company in the Forbes Global 2000.

HISTORY
In 1958,Henry Sy started his first company, ShoeMart (SM), a small shoe store in
Carriedo, Manila. He initially focused on buying large supplies of shoes from the United
States. His business expanded as he transformed his shoe store into a department
store.
At this point, Sy set up his second company, SM Department Store Inc., and began
selling stocks to department stores. In 1978, he began buying supermarkets at the
northern end of EDSA in Quezon City. During the 90s when he opened SM Megamall,
his companies were listed in the Philippine Stock Exchange,SM Prime Holdings Inc.
By 2005, the SM Investments Corporation was inaugurated.
In April 2017, SMIC appointed Jose Sio as CEO.

SUBSIDIARIES
Main articles: SM Prime Holdings, SM Supermalls, and SM Retail
SM Investments Corporations' shopping malls which are branded as "SM Supermalls"are
operated by its subsidiary,SM Prime Holdings.
The other retail business are under its subsidiary,SM Retail which owns SM Markets
(comprising SM Supermarket, SM Hypermarket, and Savemore), The SM Store, and
various other local retail brands.
Banking

Banco do Oro

China Banking Corporation- 30% ownership

Real estate property

SM Development Corporation (SMDC) is a residential property developer which

focuses on the premium middle market. SMDC now operates SM Residences and
MPlace.

Highlands Prime, Inc. is a residential developer in Tagaytay Highlands, a

mountainside resort and residential complex.

Mall of Asia Complex is an alternative business and tourism district, as well as the
home of the SM Mall of Asia,SMX Convention Center (the largest private venue in
the Philippines), OneE-com Center and Mall of Asia Arena(one of the largest private
sports venues in the Philippines).

Mining

Atlas Consolidated Mining and Development Corporation is engaged in gold mining

operations.

Hospitality and convention centers

SM Hotels and Conventions operates Conrad Manila in Pasay City, Taal Vista Hotel in
Tagaytay City, Radisson Hotel in Cebu, Pico Sands at Pico de Loro in Nasugbu, and
Megatrade Hall in Mandaluyong City and Cebu.

SMX Convention Center(SMX) is a convention center located within the Mall of Asia
complex for hosting conventions, seminars, and conferences. Its first branch opened on
November 26, 2007. It also has branches in:

1. SM Lanang Premier in Davao City

2. SM Aura Premier in Taguig City
3. SM City Bacolod
4. SM Seaside Cebu
5. SM City Clark

SM Mall of Asia Arena is a venue which hosts concerts and other big events.

Gaming
 Belle Corporation is Henry Sy's foray in the gaming industry in the Philippines,
hoping to capitalize the future of Pagcor's entertainment city.

SOCIAL INVOLVEMENT
SM Foundation is the corporate responsibility arm of the SM Group of Companies. The
foundation has various areas of advocacy: education, scholarship programs, building
schoolhouses, a mall-based outreach program, health care, medical missions, mobile
clinics, hospital activity centers and religious community projects.

SM Cares
SM Cares is a program created to consolidate and coordinate all of SM Prime's
corporate social responsibility (CSR) initiatives. Carried out in all 40 SM malls
nationwide, SM Cares' CSR projects cover environmental conservation (energy, air and
water), and assistance to customers of SM malls with special needs such as the
disabled, special children, the elderly and nursing mothers

OTHER SUBSIDIARIES

International Toyworld Inc. is a subsidiary of SM which deals with American-branded

and local-branded toys.
SM Prime Holdings, Inc. (SMPH)
is an integrated property developer and a subsidiary of Sm Investment Corporation.
It was incorporated on January 6,1994 to develop, conduct, operate and maintain the
SM commercial shopping centers and all businesses related there to, such as the lease
of commercial spaces within the compound of shopping centers.
It went public on July 5, 1994, and subsequently grew to become the largest company
listed on th Philippine Stock Exchange in terms of revenue.
The company's main sources of revenues primarily include rental income from mall and
food courts, as well as from cinema ticket sales and amusement income.

The roots of SM date back to the 1950s when entrepreneur Henry Sy,Sr.. established a
shoe store at Carriedo Street in Quiapo, Manila. His store was established as ShoeMart,
which was originally located at Carlos Palanca Sr. Street. His aggressive and adamant
strategy helped him gain large profits within a few years and he later expanded his
business to become a fully functioning department store named ShoeMart, which
specializes in the sale of shoes, the sector of which the store originally was. ShoeMart
was abbreviated into to SM, the name which became commonly known by the locals.
The acronym SM has become an orphan initialism. The first ShoeMart outlet was
abandoned and the department store moved to a new site along the nearby Carriedo
Street. The old site was demolished in 1982 and was turned into its Clearance Outlet.
The first SM Mall, the SM City North EDSA, was opened in 1985. Followed by the
establishment of a second mall, the SM Centerpoint, in 1990. Since then, the company
has expanded by establishing malls nationwide.
On May 17, 2013, SM opened the SM Aura Premier. The same year, the company
announced a merger with SM Land, which owns SM Development and Commercial
Properties Group. As a result, upon approval by ((Securities and Exchange Commission,
SM Prime is one of the largest property companies in the Southeast Asia region,
competing with Gokongwei-led Robinsons Land (which owns Robinsons Malls and Tan-
led Megaworld Corporation).

SUBSIDIARIES

SM Supermalls
Main article: SM Supermalls
SM Supermalls is a chain of shopping malls with over 60 malls in the Philippines, and
seven in China. According to the company, the malls attract an average foot traffic of 3.5
million daily and has over 5,000 tenant partners.
SM Development Corporation
SM Development Corporation (SMDC) is a wholly owned subsidiary and the real estate
arm of SMPH. The company was constantly being criticized for having too small unit
cuts, which can be as small as 15 square meters, and the delays of giving out titles to
unit owners. Cost-cutting measures (value engineering) were done to maximize profits
from its residential projects.[6]

LAWSUITS
SM Prime and BDO was sued for fraud and tax evasion by the Cebu city government,
led by Mayor Tomas Osmeña, because SM Prime grossly misrepresented the total area
size of SM Seaside City Cebu to reduce its tax declarations.