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IFC hikes stake in RCBC

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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.

Posted: March 1st, 2013 in Editor's Pick,Headlines | Read More »

IFC hikes stake in Yuchengco-led bank

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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.

Posted: January 4th, 2013 in Headlines | Read More »

IFC investment commitments in Asia-Pacific hit $3.9B

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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 [...]

Posted: July 26th, 2011 in Headlines | Read More »

Geothermal firm gets $75M loan from IFC

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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 [...]

Posted: May 23rd, 2011 in Headlines | Read More »

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