Security Bank's non-performing loans reached 0.403% of total loans at the end of 2018, down from 0.510% compared to the previous year. Historically, the NPL ratio hit an all time high of 14.9% in 2002 and an all time low of 0.403% in 2018.
Provision coverage amounted to 295% at the end of 2018, up from 202% compared to a year earlier.
The bank created loan loss provisions worth of 0.182% of average loans in 2018. That's compared to 0.304% of loans the bank put aside to its cost on average in the last five years.
You can see all the bank’s data at Security Bank Profile, or you can download a report on the bank in the report section.
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