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March 01, 2024

Proud father of a vaccinated teener

RCBC’s Chief Innovation & Inclusion Officer/ Executive Vice President Lito Villanueva proudly updated his Facebook friends that his daughter is now an ‘Avenger’.

He teases in his caption after posting a photo of daughter Frankee getting her second dose of COVID-19 vaccine.

The bankero also tagged his wife and former First Vice President and Head, Corporate Affairs and Customer Care at Landbank of the Philippines, Catherine Villanueva.


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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