Yuchengco-led Rizal Commercial Banking Corp. (RCBC) said Japan’s Sumitomo Mitsui Finance and Leasing Co. Ltd. (SMFL) has completed its acquisition of a 30-percent stake in RCBC Leasing and Finance Corp. (RLFC), providing fresh capital to support the financing firm’s nationwide expansion. In a...
RCBC Leasing and Finance Corp. (RLFC), a wholly owned subsidiary of Rizal Commercial Banking Corp.(RCBC), is using fresh capital infused by Japan’s Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL) to fund its nationwide expansion in the next five years. Last month, RLFC and SMFL...
Sumitomo Mitsui Financial Group Inc. (SMFG), through Sumitomo Mitsui Finance and Leasing Co. Ltd. (SMFL) is acquiring a 30-percent equity stake in RCBC Leasing and Finance Corp. (RLFC) of Yuchengco-led Rizal Commercial Banking Corp. (RCBC). In a disclosure to the Philippine Stock Exchange (PSE),...