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March 01, 2024

Tracing Rizal’s footsteps in Madrid

His love for country has always been apparent from PayMongo CEO and Co-founder Francis Plaza.

During his one of his strolls in the streets of Spain, the modern Bankero stumbled upon a small restaurant with a lot of history crucial to the Philippines in it.

He shared on his social media account: “In this unassuming restaurant along a narrow street in Madrid, Jose Rizal frequented this place to have his meals and meet with his friends to plan for their advocacies and reforms for the Philippines to the Spanish government.”

He added: “May we look back to the life of Rizal as we cast our votes for the reform of our Philippine government this coming May. Ask yourself, what did Jose Rizal die for?”


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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