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March 02, 2024

PSSC honors bank exec’s educator mom

The Philippine Social Sciences Council has launched a new award named after ING Bank Country Manager and Head of Clients Hans B. Sicat.

On his Twitter account, the bankero shared his delight with the news and wrote: “Very proud of the awards named after my Mom, educator Dr. Loretta Makasiar Sicat. Thank you to sis Michelle Sicat Powell & Dad Dr. Gerardo P. Sicat for initiating. Thanks to

@pssc_official Exec. Dir. Dr. Lourdes M. Portus. Congratulations to Sonny Boy Afable on his thesis!”


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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