The Yuchengco Group’s Rizal Commercial Banking Corporation (RCBC), through RCBC Credit Cards, has teamed up with Sumitomo Mitsui Financial Group, Inc. (SMBC Group) to provide RCBC Credit Card Mastercard and Visa premium cardholders access to 49 Lounges at 34 Airports in Japan. In a statement,...
Flourishing solar power developer giant Citicore Renewable Energy Corporation (CREC) has secured P9.0 billion worth of loans from Yuchengco-led Rizal Commercial Banking Corp (RCBC) with an option to increase it to P20 billion; and that will be funneled mainly for the commercial development of its...
The Yuchengco Group’s Rizal Commercial Commercial Banking Corporation has declared cash dividends amounting to P2.45 billionn to shareholders as of the record date of April 12, 2024. In a disclosure to the Philippine Stock Exchange, the bank said the cash dividend is equivalent to P1.014 per...
Chinabank Capital Corporation, the investment house of China Banking Corporation, was named as the Best Bond Adviser in the Philippines by The Asset for the 8th straight year. In a statement, the bank said “Chinabank Capital remains unmatched by local investment houses in effectively structuring...
The Lopez Group’s Rockwell Land Corporation has recently obtained P10 billion in financing from the Philippine National Bank (PNB) and Rizal Commercial Banking Corporation (RCBC). In a disclosure to the Philippine Stock Exchange, the firm said it has secured a P5-billion term loan facility of up...
Gotianun-led EastWest Banking Corporation (EW) broke its two-year downswing and reported a 32 percent growth to P6.1 billion net income last year on the back of sustained consumer loan growth and strong deposit generation. EastWest Bank President Jackie S. Fernandez “We witnessed...
The Yuchengco Group’s Rizal Commercial Banking Corporation (RCBC) has amended its Sustainable Finance Framework to align with current global standards. In a disclosure to the Philippine Stock Exchange (PSE), the bank its amended framework follows the Securities and Exchange Commission (SEC)...
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...
