Lending gives RCBC profit a 10% boost

Lending gives RCBC profit a 10% boost

MANILA, Philippines — Robust consumer lending gave the first-quarter earnings of Rizal Commercial Banking Corp. (RCBC) a 10-percent boost to P2.43 billion. The Yuchengco-led bank on Friday said its net interest income surged by 29 percent to P12.3 billion. This was attributed to RCBC’s customer loan portfolio. Consumer loans also shot up by 39 percent,

DOT, RCBC TO GIVE UNDERSERVED TOURIST AREAS ATM GO

In line with the Marcos Administration’s digitalization agenda, the Department of Tourism (DOT) and Rizal Commercial Banking Corporation (RCBC) formally signed a Memorandum of Understanding (MOU) at the DOT Central Office to deploy RCBC’s ATM Go in priority and underserved tourist destinations across the country. Tourism Secretary Christina Garcia Frasco and RCBC Deputy CEO and Incoming President Reginaldo Cariaso led the ceremonial signing of t…