Premiere Development Bank has been renamed as Security Bank Savings after receiving recently approval from Securities and Exchange Commission and the Bangko Sentral ng Pilipinas, a press release from the bank said.
PDB, recently acquired by SBS, now aims to expand its loan portfolio and attract more client, the press release said.
SBS is expected to provide a wider range of consumer and retail products and a new enhanced level of customer service, it added.
SBS aims to attract clients by offering banking services that are easy to access, affordable to avail and are fit to their needs. The bank will focus on servicing consumer retail segment and small and mid-sized business segments.
SBS has half a century worth of experience and expertise in providing sound advice and creative loan facilities for business, home and other personal needs, the press release said. It started as an institution for small and medium enterprises, but has since expanded to consumer finance, it added.
SBS now operates through its 38 branches located in Metro Manila, Cavite, Batangas, Bulacan, Laguna, Rizal and Quezon provinces, it added.*