RCBC Releases Statement on AMLC Complaints Filed Against Executives

Makati—(PHStocks)—Rizal Commercial Banking Corp. (RCBC, PSE: RCB)  has released the following statement on AMLC complaint/s filed against RCBC executives regarding the $81-million Bangladesh cyber theft issue. “We have yet to receive a copy of the AMLC complaint/s but going by our independent internal investigation early this year, we believe that no head-office official was involved […]
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RCBC Net Income at PhP3.5B for the First Nine Months of 2016

Makati—(PHStocks)—Rizal Commercial Banking Corp. (PSE: RCB) posted an unaudited consolidated net income of PhP3.50 billion for the nine months ended September 30, 2016. Excluding trading gains and the one-off item relating to the BSP supervisory enforcement action, core earnings increased by 33% year-on-year. Annualized Return on Equity and Return on Assets stood at 7.82% and […]
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RCBC 1H 2016 Net Income Up 3.3% to PhP2.6B

Makati—(PHStocks)—Rizal Commercial Banking Corp. (PSE: RCB) posted an unaudited consolidated net income of PhP2.61 billion for the first half of 2016, 3.3% higher than the PhP2.53 billion net income reported for the same period last year. Core income excluding the cyclical trading gains increased by 59%. Annualized Return on Equity and Return on Assets stood […]
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PHStocks Exclusive: Top 30 Losers in March 2016

Manila—(PHStocks)—Last week, we presented the 50 best stock performers for March. This post lists the top 30 decliners during the month. PHStocks only selected 30 as the rest in the “Losers Bracket” of our analysis remained flat in March. 1. Agrinurture Inc. (PSE: ANI): PhP4.70, -19.24% 2. Liberty Telecoms Holdings Inc. (PSE: LIB): PhP3.56, -11% […]
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RCBC Investigating Deposit of $81M at Jupiter Branch

MAKATI—(PHStocks)—Rizal Commercial Banking Corp. (RCBC, PSE: RCB) is investigating the deposit of $81 million in its Jupiter branch and the subsequent transactions thereon, RCBC’s Corporate Vice Chairman Cesar E.A. Virata said in a statement. Virata assured that the bank is cognizant of its bank secrecy obligations and will at all times maintain confidentiality of its accounts. […]
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LRMC Inks PhP24B Loan Facility, EPC for LRT 1 Cavite Extension

Makati—(PHStocks)—Light Rail Manila Corp. (LRMC), a joint venture company of Metro Pacific Investments Corp.’s (PSE: MPI) Metro Pacific Light Rail Corp. (MPLRC), Ayala Corp.’s (PSE: AC) AC Infrastructure Holdings Corp. (AC Infra), and the Philippine Investment Alliance for Infrastructure’s Macquarie Infrastructure Holdings (Philippines) Pte Ltd (MIHPL), announced the simultaneous signing on 11 February 2016 of […]
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RCBC Posts PhP5.1B Net Income for 2015

Makati—(PHStocks)—Rizal Commercial Banking Corp. (PSE: RCB) posted an unaudited consolidated net income of PhP5.1 billion for 2015, 15.2% higher than the PhP4.4 billion net income reported for 2014. Earnings per share (EPS) settled PhP3.73, PhP0.62 per share or 20% better than the PhP3.11 EPS reported for the same period last year. Return on equity reached 9.24% […]
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Phinma Sells Shares in SWU to Subsidiary

Makati—(PHStocks)—Phinma Education Holdings Inc., a wholly owned subsidiary of Phinma Corp. (PSE: PHN), acquired from Phinma 21,331 shares in Southwestern University (SWU) for PhP2.54 billion. The acquisition was funded primarily by a long-term loan from Rizal Commercial Banking Corp. (PSE: RCB) and China Banking Corp. (PSE: CHIB) in the amount of PhP1.4 billion and PhP900 million, […]
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