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March 02, 2024

Financial innovators and their regulator boost cybercrime awareness on social media

Unionbank Chief Technology and Operations Officer Henry Aguda was proud to share another milestone in the Philippine banking industry, led by none other than UB itself.

In a Facebook post, the Bankero updated friends and followers that the bank has partnered with select government agencies to increase the Filipino’s awareness of cybercrimes.

“Another milestone in the banking industry. The DOJ, BSP and BAP signed a Memorandum of Understanding (MOU). This MOU will raise cybersecurity awareness and combat cybercrime in the country,” he cited a news report.

Aguda uploaded a screenshot of the MOU signing with members of the stakeholders.


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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