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March 02, 2024

UnionBank director Sabin Aboitiz, EVP Antonino Fajardo beef up shareholdings

A director of Union Bank of the Philippines headed by bankero Edwin Bautista is beefing up his shareholdings in the Aboitiz-led bank.

UnionBank director Sabin Aboitiz shelled out P284,733.35 to acquire 3,393 shares last June 3.

The shares were acquired from a price range of P83.70 to P84.95 per share.

Likewise, UnionBank executive vice president Antonino Augusto Fajardo also spent P619,036 for the acquisition of 7,500 share between June 6 and 8 at a price range of P82.45 to P82.70 per share.


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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