Friday 19 July
May 8, 2019 @ 12:10

RCBC first quarter earnings up 15%


More loans meant better profits for the bank.

Rizal Commercial Banking Corp. (RCBC) reported a 15% ywar on year growth in net income to P1.3 billion, driven by a growing loan portfolio.

In a disclosure to the stock exchange, the Yuchengco-owned bank said consumer lending went up 12% to P106.9 billion while loans to small and medium enterprises also picked up to P53.8 billion.

Also driving growth was subsidiary Rizal MicroBank, whose loan portfolio expanded to P1 billion.

Please follow and like us:

Tags: , ,

Related Stories
Investors likely gobbled up all of what the bank had to offer.
This man is off to lead a new bank in 2019.
This bank is raising as much as P20 billion over the next 12 months.
Cathay Life Insurance Co. Ltd. has increased its stake at Rizal Commercial Banking Corp. (RCBC)


Trending News

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.