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March 01, 2024

RCBC is one with the blue and yellow

Rizal Commercial Banking Corporation (RCBC) Chief Innovation & Inclusion Officer/ Executive Vice President Lito Villanueva expressed his support and solidarity with Ukrainian President Volodymyr Zelenskyy.

On Facebook, the Bankero reshared an excerpt from President Zelenskyy’s inaugural address in 2019 along with a photo of his family, which was originally posted on Twitter by contributor Benjamin Ramm.

Villanueva added that he thinks what the president is doing to protect his country and his people is truly what makes a nation’s leader.


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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