DiskarTech Small retail shop owners are the latest beneficiaries of DiskarTech’s new innovative offering. The Rizal Commercial Banking Corporation’s (RCBC) financial inclusion super app has launched a microinsurance product priced at only P35 for sari-sari store owners. With the local economy...
Diskartech, the digital bank arm of Rizal Commercial Banking Corp. (RCBC) and the first and only digital bank in the Philippines available in local languages, has expanded its services by offering loans to users with targeted disbursements of as much as P500 million in partnership with at least 20...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) reported that its 2.5-year and 5.25-year Fixed-Rate ASEAN Sustainability Peso Bond offering was 5.9 times oversubscribed--allowing them to raise P17.87 billion from the P3 billion target. In a disclosure to the Philippine Stock Exchange,...
Rizal Commercial Banking Corp. (RCBC) is bullish in its outlook for the local real estate investment trust (REIT) market. The Yuchengco-led universal bank pointed out that contributors to the growth of the REIT market in the country include low interest rates, a steady return of dividends,...
The net income of Yuchengco-owned Rizal Commercial Banking Corp. (RCBC) was down by 6.9 percent year-on-year to P5.018 billion in 2020 from P5.388 billion previously due to a necessarily higher pandemic-related loan loss provisioning and slowdown in a movement-restricted economy. Last year,...
Year 2020 could be well remembered as the pandemic year, but it did not dampen the entrepreneurial spirit of Filipinos as shown by the 41 percent increase in business registration, the highest since 2010. This was reported by Trade and Industry Secretary Ramon M. Lopez at the launch of RCBC...
Yuchengco-owned Rizal Commercial Banking Corp. (RCBC) will build up DiskarTech – the highest-rating mobile app in the country – as spin-off digital bank, according to its president and CEO, Eugene S. Acevedo. “What...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) has forthrightly declared that it will no longer extend financing to new coal-fired power projects in the Philippines. That came as a daring statement from RCBC President and CEO Eugene S. Acevedo, the first bank chief executive to do so...
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) reported a net income of P4 billion as of end-September, 11.3 percent lower than same time last year of P4.512 billion, as the bank allotted P7.222 billion loan loss cover. The provision for probable losses was up by 38.6 percent from...
Security Bank announced that it will continue to offer free InstaPay and PESONet for free until December 31, 2020 as part of its efforts to support the lockdown measures and keep clients safe at home. “We encourage everyone to remain safe during this pandemic by staying at home and conducting...
