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March 01, 2024

BDO unveils cloud-based mentoring program for out-of-school youth

The bank kicked off its cloud-related work dedicated to unemployed and out-of-school youth.
BDO Unibank officially began its initiative that aims to provide opportunities to out of school youth. The bank said it officially launched the first batch of on-the-job trainees assigned to work on cloud-related tasks as part of its work to the collaboration of YouthWorks PH and Philippine Business Education (PBEd) with Amazon Web Services (AWS). BDO said the program aims to give free cloud computing skills training for unemployed and out-of-school youth across the Philippines via AWS re/Start.

Said participants will undergo a 3-month training under BDO’s supervision.


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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