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March 02, 2024

Infrastructure as basis for handling data

UnionBank’s Chief Innovation Officer Henry Aguda shared on his social media account the most recent webinar he is participating in.

On Facebook, he gave a little teaser on what he is going to discuss during the event.

“The rise of the cloud also demands the use of a reliable and extensible Distributed SQL DB. Always remember, you are only as fast and as reliable as your infrastructure”


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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