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March 01, 2024

PNB’s Wick Veloso spearhead’s seminar on banks’ pandemic resillence

Philippine National Bank president and CEO Wick Veloso served as keynote speaker in this year’s Philnabank Employees Association’s seminar on how local banks can pandemic-proof their service and operations.

On Instagram, the bankero shared snaps from the in-person event attended by bank executives and employees.



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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