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March 01, 2024

BPI to go offline for more than a day

Bank of the Philippine Islands (BPI) headed by bankero TG Limcaoco is scheduled to undertake a systems maintenance from 10pm of March 18 to 11:59pm of March 19.

During the maintenance works, the Ayala-led ban said BPI ATMs, BPI Cash Accept Machines (CAMs), BPI Online, BPI Mobile app including the use of BPI Online credentials in partner apps and websites, BPI Debit Cards, BPI BizKo, and BPI Bizlink would be temporarily unavailable.

However, the 170-year old bank said in the advisory that BPI credit card and BPI prepaid card services would remain available.

“Please plan your transactions accordingly,” BPI said.


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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