WebClick Tracer

March 01, 2024

BPI Foundation aids 2,000 evacuees in Batangas

The foundation arm of Bank of the Philippine Islands (BPI) led by bankero TG Limcaoco has donated relief assistance to around 400 families or 2,000 evacuees in Agoncillo, Batangas affected by the recent activities of the Taal Volcano.

Under the disaster response program of BPI Foundation dubbed as BPI BAYANihan, the banking giant supports communities that are badly impacted by disasters.

As of the second week of April, it has dispatched and distributed a total of 400 relief packs, containing food and hygiene kits, received by evacuees in Agoncillo Central Elementary School, Barangay Paniga, Coral na Munti Elementary School, and Coral na Munti High School.

BPI Foundation, in partnership with the Philippine Disaster Risk Foundation , is also currently building the BPI Bayanihan Center, a two-storey 506-square meter multi-purpose facility in Ibaan, Batangas City for Filipinos significantly affected by disasters and the COVID-19 pandemic.

The facility is set to be completed in July.


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 ...