Tuesday 23 October 2018
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6 months ago

RCBC net profit up 13.1% in 1st quarter

Yuchengco-led Rizal Commercial Banking Corp. (RCBC) grew its net profit in the first quarter by 13.1 percent year-on-year to P1.1 billion, driven by higher earnings from lending activities. Three-month net interest income increased by 16 percent year-on-year to P4.8 billion as RCBC expanded its loan book by 18 percent to P370.9 billion. All loan market segments sustained a double-digit growth in the first quarter, with corporate loans expanding by 14 percent, small and medium enterprises rising by 4

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