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March 01, 2024

UPAA cites one banker’s passion for teaching

Unionbank Senior Executive Vice President and Chief Technology and Operations Officer Henry Aguda bared his gratitude to colleagues for giving him the opportunity to help shape young minds in the highly competitive field of innovation.

This other not so secret passion was recently recognized in ceremonies at the University of the Philippines Alumni Association’s Distinguished Alumni Awards: Banking Innovation rites this year.

On his Facebook account, the bankero wrote: ““Thank you Director Edison Cruz for giving me an avenue to pursue my passion in teaching.”


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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