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March 01, 2024

PayMongo top exec shares thoughts on election results

PayMongo CEO and co-founder Francis Plaza shared his reaction to the 2022 national elections.

On Facebook, the bankero who is a known supporter of Vice President Leni Robredo, posted a popular quote during polls.

He wrote: “Vox populi vox dei? Vox populi vox diaboli?

Is the voice of the people the voice of God, or is it the voice of the devil?”

Plaza has also been a vocal critic of the Marcoses for their crimes during the Martial Law era.


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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