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March 01, 2024

UnionBank hires 2 more execs

Union Bank of the Philippines headed by bankero Edwin Bautista has hired two new executives with a rank of assistant vice president.

The Aboitiz-led bank has tapped Samuel Anthony Oberes as salesforce lead and Dandelo Cardona as regular infrastructure operations architect.

The employment of both officers under the bank’s Information Technology Services Group took effect last May 2.


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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