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March 01, 2024

Maya: We’re the fastest growing online bank in PH

The digital bank of PLDT says it is the fastest growing online bank in the country.

Maya Bank Bankero CEO Orlando B. Vea, said they are the fastest growing bank, and the strong growth validates the market preference for an “all-in-one money experience.” Maya said it has grown its customer base into 650,000 clients in just three months from full operation, and accumulated P5 billion in deposit balance as of July 2022. The Bankero also said that Maya is bringing progressive financial services closer to consumers, enterprises, and communities. Further, Maya unveiled that it will be unveiling more pioneering innovations through its platform.

Maya said it has the fastest growing customer base in the Philippines.


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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