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March 01, 2024

Landbank’s e-banking channels go offline for 6 hours

All the electronic banking channels of state-run Land Bank of the Philippine led by bankero Cecilia Borromeo will be unavailable for six hours starting Sunday evening.

In an advisory, Landbank informed clients that there will be system maintenance activity from 11pm of March 13 until tomorrow 5am of March 14.

The bank’s e-banking channels such as iAccess, weAccess, Mobile Banking App, Link.BizPortal, Digital On-Boarding System, and Phone Access will be unavailable.

“All e-banking channels will be unavailable during this period,” Landbank said.

The government-owned banks said its ATMs to service the banking needs of clients nationwide.


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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