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March 01, 2024

Bankero Acevedo happily tells of on boarding more clients

Rizal Commercial Banking Corporation (RCBC) President and Chief Executive Officer Eugene Acevedo thanked bank patrons and loyal customers for another successful milestone.

On his Facebook account, the bankero shared the news about its net profit rising to a five-year high. He wrote: “Grateful to our loyal customers and for the diligent and committed effort of the team.”

He also teases more innovation from the company to provide a more seamless and convenient service to its customers.

“The business+digital transformation continues…”


Security Bank posts net income of PHP9.1 billion in 2023

Security Bank Corporation (PSE: SECB) posted net income of PHP9.1 billion in 2023. Total revenues grew 8% year-on-year to PHP43.0 billion. Net interest income increased 19% to PHP34.7 billion. Net interest margin for the full year was 4.49%, higher compared to 4.23% in 2022. Total non-interest income was at PHP8.2 billion. Service charges, fees and commissions grew 15% to PHP6.1 billion, led by increase in fees from credit cards, remittances (which include Instapay fees) and bancassurance.

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