JG Summit Holdings’ first quarter net profit dipped by 1 percent to P4.86 billion. But its core earnings before tax rose by 27.1 percent year-on-year to P7.46 billion while cash flow as measured by earnings before interest, taxes, depreciation and amortization likewise jumped by 18.4 percent to P10 billion.
Yuchengco-led Rizal Commercial Banking Corp. is unloading its stake in the office property company that owns RCBC Plaza along Ayala Avenue as part of preparations for stringent capital adequacy requirements under the Basel 3 framework. In a disclosure to the Philippine Stock Exchange Tuesday, RCBC said its board has approved the sale of a [...]
Rizal Commercial Banking Corp. of the Yuchengco group has obtained a mandate from its board to offer as much as $130 million worth of hybrid notes eligible as core or tier 1 capital under the Basel 3 capital adequacy ratio (CAR) framework.
The influential Bankers Association of the Philippines has elected banker Lorenzo Tan of Rizal Commercial Banking Corp. as its new president, succeeding Alberto Villarosa of Security Bank.
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.
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) plans to raise P1.15 billion from the issuance of additional high-yielding long-term deposits.
The Yuchengco-led Rizal Commercial Banking Corp. grew its net profit in 2011 by 18 percent to a record-high P5.01 billion on higher trading gains and fee-based earnings.
led Rizal Commercial Banking Corp. expects to grow its net profit by at least 8 percent to hit around P5.2 billion this year on the back of faster growth in lending to small and medium enterprise and consumer sectors, according to its president.
Yuchengco-led Rizal Commercial Banking Corp. is raising up to P5 billion within this month through a fresh offering of high-yielding long-term deposits.
The Yuchengco-led Rizal Commercial Banking Corp. posted a net profit of P4.08 billion in the nine months to September, up 11.4 percent from the same period in 2012 boosted by higher loan portfolio.
MANILA, Philippines—Yuchengco-led Rizal Commercial Banking Corp. is planning to issue as much as $1 billion worth of offshore debt paper to boost funds for expansion when global market conditions turn more favorable. RCBC told the Philippine Stock Exchange on Monday that its board had approved the establishment of a euro medium term note (EMTN) program [...]
