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Taiwan insurer buys 20% of RCBC for P18B

RCBC1

Cathay Life Insurance Co. Ltd., Taiwan’s largest life insurer, is buying a 20-percent stake in Yuchengco-led Rizal Commercial Banking Corp. for P17.92 billion, boosting the local bank’s capital build-up program.

Posted: October 2nd, 2014 in Latest Business Stories | Read More »

8 Philippine banks make it to global rankings list

By
bdo

The SM group’s banking arm BDO Unibank Inc. has kept its bragging rights as the Philippines’ top bank in the Top 1,000 Global Banks Ranking 2014 report of British publication The Banker.

Posted: September 12th, 2014 in Headlines,Latest Business Stories | Read More »

RCBC eyes $50M in new deposit products

By
SCREENGRABfrom www.rcbc.com

Rizal Commercial Banking Corp. (RCBC) expects deposits into its recently launched US dollar time deposit products with two- to five-year tenors to reach $50 million by yearend.

Posted: September 6th, 2014 in Headlines,Latest Business Stories | Read More »

DoubleDragon takes over mothballed Skysuites project

By
DoubleDragon

DoubleDragon Properties Corp. has closed a deal to take over the mothballed Skysuites mixed-use project in Quezon City, out of which it expects to unlock P5.2 billion in total revenues.

Posted: September 1st, 2014 in Latest Business Stories | Read More »

RCBC to issue new negotiable certificates of time deposit

By
SCREENGRAB from www.rcbc.com

Rizal Commercial Banking Corp. plans to raise as much as P5 billion in fresh funds for expansion from an offering of high-yielding negotiable certificates of time deposit by the fourth quarter of this year.

Posted: August 27th, 2014 in Latest Business Stories | Read More »

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