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March 01, 2024

BDO Foundation reaches out to UP fire victims

BDO Unibank Inc. led by bankero Nestor Tan through BDO Foundation has responded to the recent fire in UP that claimed the lives of eight people and displaced about 250 families.

In a Facebook post, a netizen shared some of the relief goods to be distributed to the victims.

One netizen posted an update: “250 families were affected in UP Village A & B, eight dead, 80 houses were razed to the ground. The parish is currently conducting relief ops.”


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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