SECURITY Bank Corp. and Thailand’s Bank of Ayudhya (Krungsri – the two major shareholders of SB Finance – have obtained their respective internal approvals to infuse additional capital to SB Finance amounting to P3 billion.
Security Bank and Krungsri both have MUFG Bank Ltd. as a common shareholder.
SB Finance will issue 25,850,000 common shares which will be subscribed to on a 50:50 basis by Security Bank and Krungsri upon receipt of requisite regulatory approvals. (PR)