Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has urged banks to continue strengthening governance, transparency, and internal controls, saying these safeguards become most critical during periods of economic and financial uncertainty. Speaking during the inaugural Corporate...
Japan’s Sumitomo Mitsui Banking Corp. (SMBC) has increased its interest in Rizal Commercial Banking Corp. (RCBC) to 24.46 percent with the acquisition of an additional 4.46-percent equity stake for ₱6.4 billion. RCBC President and Chief Executive Officer (CEO) Reginaldo B. Cariaso said in a...
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) posted a 20-percent growth in its unaudited consolidated net income to ₱5.3 billion in the first half of 2025 on the strength of its core business. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its core business continued...