Rizal Commercial Banking Corporation (RCBC) of the Yuchengco group reported that its consolidated net income inched up by one percent to an all-time high of P12.22 billion last year. In a disclosure to the Philippine Stock Exchange (PSE), the bank said it hit a record high profit as customer...
The Sy-led China Banking Corporation (Chinabank) reported a 15 percent growth in net income to a record P22 billion last year from P19.1 billion in 2022 due to higher core business revenues. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its earnings translated to a...
The Department of Finance (DOF) onboarded a new talent from the Sy-led China Banking Corp. to lead the unit responsible for analyzing emerging economic issues and developments. Domini S. Velasquez, the former chief economist of Chinabank, is set to join the DOF this week to head the Office of the...
China Banking Corporation (Chinabank) has upgraded its Customer Contact Center (CCC) solution with Genesys Cloud, a suite of cloud services for enterprise-grade communications, collaboration, and contact center management. The bank said this is part of its ongoing digital transformation to...
Yuchengco-led Rizal Commercial Banking Corporation marked a successful return to the U.S. dollar debt markets, raising $400 million after the pricing of its 5-year Senior Unsecured Fixed Rate Sustainability Bonds. In a disclosure to the Philippine Stock Exchange, the bank said the sustainability...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) is planning to offer a benchmark-sized USD Senior Unsecured Sustainability Notes via a drawdown under its $3-billion Medium Term Note Program. In a disclosure to the Philippine Stock Exchange, the bank said it has prepared a note offering...
China Banking Corporation (Chinabank) has partnered with DeeMoney, Thailand’s leading Fintech money service business, to facilitate fast and convenient remittance from Thailand to the Philippines. In a statement, the bank said the partnership will allow it to connect via the RippleNet...
China Banking Corporation (Chinabank) was named as The Big Shift Champion of the Year during the Excellence in Customer Engagement Awards 2023 at the recent ENGAGE 2023 conference of Backbase, the global leader in engagement banking platform. In a statement, the bank said it was distinguished for...
Rizal Commercial Banking Corporation (RCBC), a core business of the Yuchengco Group, reported a 10 percent decline in net income to P9 billion in the first nine months of 2023 from the P10.1 billion earned in the same period last year. In a statement, the bank said net income came on the back of a...
China Banking Corporation (Chinabank) posted a 10 percent improvement in net income to P16.2 billion in the first nine months of 2023 from P14.7 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the bank said this translated to a return on equity...
The Department of Finance (DOF) has urged Saudi business leaders to consider Islamic banking and finance initiatives in the Philippines, given its favorable regulatory environment. During a roundtable meeting with potential investors in Riyadh, Saudi Arabia, Finance Secretary Benjamin E....
China Banking Corporation (Chinabank) has bagged for the second time the Five-Golden Arrow Award, the highest recognition given by the Institute of Corporate Directors (ICD) to publicly listed companies and insurance firms in the Philippines that excel in corporate governance. “This...
