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March 02, 2024

Helping make OFW dreams happen

Philippine National Bank Assistant Vice President and Middle East Region Head Mar Salomabao shared on social media the latest project of the bank to serve OFWs.

On his personal Facebook account, the Bankero talked about their collaboration with SMDC in assisting fellow Filipinos get the house of their dreams.


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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