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March 01, 2024

Cool cash for a cool Bankero at BPI

Retired BPI chief Cezar Consing has sold some of his Ayala Corporation shares. Informed sources said the Bankero has let go of 7,960 shares at P900, a little less than AC’s 52-week high of P915.

In total, Consing has 204,370 AC shares worth P176 million that he accumulated from stock options.

He is also the current senior managing director of the company.


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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