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RCBC targets 15% growth in remittance business

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Rizal Commercial Banking Corp. (RCBC) aims to grow by double-digits its share in the retail remittances market as well as the volume to be processed this year as the bank expands tie-ups with partners abroad.

Posted: April 23rd, 2014 in Headlines | Read More »

RCBC nets P5.31B in 2013

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THE RCBC Plaza. INQUIRER FILE PHOTO

Rizal Commercial Banking Corp. posted a net profit of P5.31 billion last year, 14.6 percent lower than the level a year ago due to lower trading gains from securities.

Posted: February 10th, 2014 in Latest Business Stories | Read More »

RCBC targets profit of P5.4B in 2014

Yuchengco-led Rizal Commercial Banking Corp. expects to post a net profit of P5.4 billion this year, about the same as the bottom line expected for 2013, in the absence of hefty trading gains.

Posted: January 17th, 2014 in Headlines | Read More »

RCBC sees P5.4 B profit in 2014

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THE RCBC Plaza. INQUIRER FILE PHOTO

Rizal Commercial Banking Corp. expects to post a net profit P5.4 billion this year, flat from the expected level last year in the absence of hefty trading gains seen in 2013.

Posted: January 17th, 2014 in Latest Business Stories | Read More »

RCBC completes sale of 65% stake in Bankard

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Yuchengco-led Rizal Commercial Banking Corp. has unlocked P731 million in core or tier 1 capital after completing the sale of publicly listed firm Bankard Inc.   RCBC sold a 65.42-percent stake in Bankard after transferring the credit card operations to the parent bank, paving the way for the backdoor listing of new businesses through the [...]

Posted: January 3rd, 2014 in Headlines | Read More »

RCBC retires P4B debt notes

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THE RCBC Plaza. INQUIRER FILE PHOTO

Yuchengco-led Rizal Commercial Banking Corp. has retired the remaining P4 billion tier 2 notes in its books ahead of the implementation of Basel 3 capital adequacy ratio framework which no longer makes these eligible as supplementary capital.

Posted: December 26th, 2013 in Latest Business Stories | Read More »

Bankard now a shell company

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Shareholders of Bankard Inc. have approved the transfer of its credit card operations to Rizal Commercial Banking Corp., paving the way for the backdoor-listing of new businesses into the shell company.

Posted: December 10th, 2013 in Uncategorized | Read More »

Bankard operations transferred to RCBC

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THE RCBC Plaza. INQUIRER FILE PHOTO

Shareholders of Bankard Inc. have approved the transfer of its credit card operations to Rizal Commercial Banking Corp., paving the way for the backdoor-listing of new businesses using the Bankard shell company.

Posted: December 10th, 2013 in Latest Business Stories | Read More »

RCBC sells 89% stake in Bankard

Yuchengco-led Rizal Commercial Banking Corp. has entered into a deal to sell its 89-percent stake in the shell company of credit card issuer Bankard Inc. to the same investor group that recently bought into nickel miner Marcventures Holdings Inc.

Posted: October 21st, 2013 in Headlines | Read More »

RCBC offers P5B long-term deposit notes at 3.25-3.5%

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THE RCBC Plaza. INQUIRER FILE PHOTO

Yuchengco-led Rizal Commercial Banking Corp. started on Thursday a P5-billion fund-raising via the offering of long-term negotiable certificates of deposits (LTNCDs).

Posted: October 17th, 2013 in Latest Business Stories | Read More »

RCBC to issue P5B in deposit certificates

Listed Rizal Commercial Banking Corp. (RCBC) has been given the regulatory green light to issue up to P5 billion in long-term negotiable certificates of deposits (LTNCD), which would allow the bank to lock-in funding for loans with longer maturities.

Posted: September 20th, 2013 in Headlines | Read More »

RCBC completes sale of property units

Yuchengco-led Rizal Commercial Banking Corp. (RCBC) has completed its divestment from its affiliates in the property sector in line with efforts to reduce its exposure to the real estate industry and focus on its core business.

Posted: September 19th, 2013 in Headlines | Read More »

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