WebClick Tracer

March 01, 2024

BDO Foundation partners with BSP, DepEd for financial education

The corporate social responsibility arm of BDO Unibank Inc. led by bankero Nestor Tan continues to ramp up financial inclusion initiatives via various tie up with government agencies.

BDO Foundation has partnered with the Bangko Sentral ng Pilipinas (BSP), Department of Education (DepEd), Overseas Workers Welfare Administration (OWWA), Armed Forces of the Philippines (AFP), Civil Service Commission (CSC), Philippine National Police (PNP), Bureau of Fire Protection (BFP), Bureau of Fisheries and Aquatic Resources (BFAR), and Agricultural Credit and Policy Council (ACPC) for the development of financial education programs.

BDO’s CSR arm is collaborating with the said institutions to provide lessons on saving, budgeting and financial planning, debt management, entrepreneurship, investments, insurance, digital literacy, scam prevention and retirement planning.

The initiative is aimed to help public school students, teachers and non-teaching personnel, overseas Filipino workers (OFWs) and their families, uniformed and civilian personnel of the armed forces, government workers, police personnel, firefighters as well as fisher folks and farmers.


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.

Read More ...