Gotianun-led EastWest Banking Corporation posted a 20 percent growth in net income to P5.8 billion for the first nine months of 2024 on the back of higher income-generating capacity, boosted by favorable securities trading in the third quarter. In a disclosure to the Philippine Stock...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) is raising fresh funds from overseas with the $1 billion increase in its Medium Term Note Programme from $3 billion to $4 billion. In a disclosure to the Philippine Stock Exchange, the bank said that, together with the increase in its MTNP,...
Rizal Commercial Banking Corporation of the Yuchengco Group has launched RCBC Pay, another payment solution that allows RCBC Mastercard credit cardholders to make secure, contactless payments using their NFC-compatible Android smartphones. RCBC Pay leverages advanced Near Field Communication...
Executives from Rizal Commercial Banking Corporation (RCBC), Versa Networks, Trends and Technologies, and VSTECS Phils., Inc. came together for the ceremonial contract signing and presentation of a plaque of appreciation to RCBC. This contract marks the largest deployment of Versa Secure SD-WAN in...
Key stakeholders lead ribbon-cutting ceremony, from left: Engr. Al-Zamir Lipae, Regional Director for Region 9, Department of Trade and Industry; Ms. Judith E. Sungsai, Managing Director, Financial Supervision Sub-Sector 1, Bangko Sentral ng Pilipinas (BSP); His Excellency Dato Abdul Malik Melvin...
Yuchengco-led Rizal Commercial Banking Corporation is warning the public that fraudsters, disguised as valid merchants on e-commerce sites and platforms, are now scamming online users. The bank said fraudsters may create fake profiles that appear legitimate, offering high-demand goods at...
Rizal Commercial Banking Corporation (RCBC) of the Yuchengco Group posted a 12 percent improvement in unaudited consolidated net income to P4.5 billion for the first half of 2024. The bank said in a disclosure to the Philippine Stock Exchange (PSE) that profit growth was supported by a 12 percent...
EastWest Banking Corporation (EW) registered a six percent hike in net income to P3.5 billion for the first half of 2024 from P3.3 billion in the same period last year on the back of consistent core revenue growth from a bigger asset base and higher yields. In a disclosure to the Philippine Stock...
China Banking Corporation (Chinabank), a lender controlled by the Sy and Dee families, saw its net income reach a record high P11.4 billion in January to June 2024, up 6 percent from P10.8 billion in the same period last year on the back of stronger core lending and deposit-taking activities. ...
Sy family-led BDO Unibank has advised its customers about the upcoming deactivation of the old BDO Digital Banking app. In an advisory on Wednesday, July 31, the country’s largest bank by assets said its customers must transition to the new BDO Online banking app before Aug. 19, 2024....
President Ferdinand R. Marcos Jr.’s decision to ban Philippine offshore gaming operations (POGOs) may have little impact on most publicly-listed property developers, but it will affect the jobs and sales of businesses supporting the industry. “POGO operations have been reduced since the...
Rizal Commercial Banking Corporation (RCBC) has partnered with FastPay Global Payments Inc, which has a mobile remittance app that operates exclusively in Taiwan, to serve the remittance needs of overseas Filipino workers there. The bank said that, with FastPay, overseas OFWs can send money...
