RCBC targets profit growth of at least 5% in 2018
More loans mean more dough for this lender.
The Rizal Commercial Banking Corp. (RCBC) wants to sustain earnings growth this 2018. Bank President and Chief Executive Officer Gil Buenaventura said they are eyeing a 5-10 percent increase in profits, the Philippine Star said in a report.
The bank confirmed the statement in a disclosure to the Philippine Stock Exchange.
Increased lending will drive RCBC’s growth for the year, following an 11 percent rise in profits for 2017 which reached P4.3 billion.