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March 01, 2024

GCash for Good: Digital banking giant makes donation easy

GCash has launched an initiative to gather more donations for the victims of Typhoon Agaton in Leyte and in the Visayas.

On its social media pages, the digital banking giant opened a main donation channel for all users who want to pitch in for relief operations and assistance for evacuees and survivors.

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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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