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Security Bank Corp. plans to issue up to 20 billion Philippine pesos of long-term negotiable certificates of deposit.
The company also appointed Masaaki Suzuki as a director, effective April 1.
In addition, Atsushi Murakami resigned as a director, effective March 31, as he was reassigned as a Mitsubishi UFJ Financial Group Inc. representative.
As of March 25, US$1 was equivalent to 52.52 Philippine pesos.