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March 01, 2024

UnionBank hires 2 senior officers

Union Bank of the Philippines led by bankero Edwin Bautista has hired two senior officers to beef up the bank’s treasury group as well as compliance and corporate governance office.

The Board of Directors of the Aboitiz-owned bank has approved the employment of Treasury Group assistant vice president Juan Sebastian Santiago.

The bank also tapped the services of Jeanette Dimero as trust compliance officer with a rank of assistant vice president under it compliance and corporate governance office.

The employment of both Sebastian and Dimero takes effect today, March 1.


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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