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March 02, 2024

On taking Spain’s metro to ‘rob’ the central bank

PayMongo CEO and co-founder Francis Plaza spent his last few days in Spain doing whatever he wanted, being anyone he wanted to be — this time, a criminal to rob the central bank.

On his social media accounts, the bankero posted a photo of him and his friends wearing the popular get up from the popular Netflix show, ‘Money Heist’. Donned in red overalls, he shared his plan on how to ‘secure gold’ in a foreign land.


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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