International Finance Corp., the private sector funding arm of the World Bank, raised its interest in Yuchengco-led Rizal Commercial Banking Corp. by infusing $100 million in fresh capital and separately buying P4.8 billion worth of the bank’s bad assets.
Yuchengco-led Rizal Commercial Banking Corp. is getting a fresh capital infusion of at least $100 million from the International Finance Corp., the private sector arm of the World Bank Group.
The International Finance Corp., the private sector arm of the World Bank, made $3.9 billion in new investment commitments in Asia-Pacific in its fiscal year that ended June 30, to bankroll 120 projects all over the region. In a statement issued Tuesday, the multilateral lender said investments in Asia rose 11 percent in fiscal year [...]
MANILA, Philippines—Geothermal leader Energy Development Corp. said it has signed a $75-million loan with International Finance Corp., the private-sector investment arm of the World Bank group, to help fund its planned power projects. In a disclosure to the Philippine Stock Exchange, EDC said the 15-year loan facility would help finance the company’s medium-term capital expenditure [...]
