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RCBC issues $300 million in additional Tier 1 notes

RIZAL COMMERCIAL Banking Corp. (RCBC) on Thursday issued $300 million of additional Tier 1 securities as it looks to boost its capital.

RCBC to issue Tier 1 notes to boost capital

RIZAL COMMERCIAL Banking Corp. (RCBC) has secured regulatory approval for an offering of Tier 1 notes as it looks to beef up its capital.

RCBC posts P800-M net income in 2nd quarter

RIZAL COMMERCIAL Banking Corp. (RCBC) posted a net income of P800 million in the second quarter on the back of strong trading gains, offset by higher loan loss provisioning.

RCBC pushes back dollar bond issue, eyes local mart

RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to tap the domestic debt market again this semester through medium-term papers, but will push back a planned dollar bond issue as it monitors global developments.

RCBC officials face fraud complaint

CURRENT and former officials of Rizal Commercial Banking Corp. (RCBC) face an administrative case filed by a nonprofit organization for alleged fraud.

RCBC lists P16-B bonds

RIZAL COMMERCIAL Banking Corp. (RCBC) on Monday listed its recently issued P16.616 billion in two-year bonds meant to support its lending activities and refinance debts at the Philippine Dealing and Exchange Corp.

RCBC raises P16.6 billion via two-year bonds

RIZAL Commercial Banking Corp. (RCBC) cut short its offer of two-year fixed rate bonds after raising P16.6 billion, almost six times its initial target.

RCBC eyes at least P3 billion from two-year bonds

RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to raise P3 billion in fresh funds as it taps the domestic bond market for the second time this year.

RCBC launches app offering basic deposit accounts

Rizal Commercial Banking Corp. (RCBC) has launched an app which offers digital basic deposit accounts to attract working class Filipinos.

RCBC to return to dollar bond market

RIZAL COMMERCIAL Banking Corp. (RCBC) is set to tap the global bond market anew after securing approval from its directors to issue $300 million in dollar-denominated bonds to support the bank’s lending and green projects

RCBC to tap bond market anew

RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to tap the bond market for the second time this year following its April issuance.

Bangladesh Bank sues RCBC, Bloomberry anew on 2016 heist

THE BANGLADESH BANK has filed a new civil suit against Rizal Commercial Banking Corp. (RCBC) and Bloomberry Resorts Corp. to claim damages related to the $81-million heist in 2016.

WFH during the ECQ: RCBC’s Mike Ricafort and UnionBank’s Carlo Asuncion

While healthcare workers are on the frontlines and scientists are busy testing possible vaccines or cures for a virus that has changed the world, economists are getting their hands dirty at home as well. They are rigidly working with data to assess how this pandemic could change the course of our economy, updating their projections and recommendations to help seal that soft landing when recovery comes.

RCBC net income rises 77% in the first quarter

RIZAL COMMERCIAL Banking Corp. (RCBC) saw a surge in its net income in the first quarter backed by its strong core business and trading gains despite headwinds due to the coronavirus disease 2019 (COVID-19) pandemic.

RCBC raises P7.05 billion from bonds

RIZAL COMMERCIAL Banking Corp. (RCBC) raised P7.05 billion via its latest bond offer, which was more than twice oversubscribed. RCBC said in a statement that...

RCBC closes offer of two-year peso bonds

RIZAL COMMERCIAL Banking Corp. (RCBC) closed its offering of two-year fixed-rate bonds ahead of schedule as orders reached more than double its P3-billion program.

United States court dismisses Bangladesh Bank case vs RCBC, Bloomberry for...

THE COMPLAINT filed against Rizal Commercial Banking Corp. (RCBC) and a local casino by Bangladesh Bank in relation to the 2016 heist has been junked by a US court as it cited the failure of the petitioner to state a federal racketeering claim and as the court refused to exercise jurisdiction over all other state law claims by the petitioner.

RCBC earnings climb on strong core business

RIZAL COMMERCIAL Banking Corp. (RCBC) logged double-digit net profit growth last year, buoyed by the better performance of its core business, high margins, strong trading gains, as well as higher fee-based income.

RCBC targeting to further grow its sustainable lending portfolio

RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to continue growing its sustainable loan portfolio, with credit to the sector already consisting a tenth of its book after issuing green bonds in 2019.

RCBC to set up digital-only rural bank

RIZAL COMMERCIAL Banking Corp. (RCBC) will establish a rural bank that will join the digital banking race in the country, the bank said in a filing with the local bourse on Tuesday.

RCBC Bankard targets higher card issuance

RCBC BANKARD Services Corp. has reached its full-year target for credit card issuance and is eyeing grow its pool to breach the one million mark in second semester next year.

RCBC looking to set up virtual bank by 2020

RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to join the virtual banking scene in the country by next year.

RCBC income up 41% at end-Sept.

RIZAL COMMERCIAL Banking Corp. (RCBC) saw its net income surge in the first nine months of the year driven by growth in its core business.

RCBC eyes P3B from bonds

RIZAL COMMERCIAL Banking Corp. is looking to raise at least P3 billion via three-year peso-denominated bonds, part of a fund-raising program that aims to extend the maturity of the bank’s liabilities and strengthen its liquidity ratios.

BSP cuts to boost loans

RIZAL COMMERCIAL Banking Corp. (RCBC) expects the cumulative policy rate cuts by the central bank to boost loan demand.

RCBC exercises call option on P10-billion Tier 2 notes

RIZAL COMMERCIAL Banking Corp. (RCBC) has exercised its call option on the P10-billion notes it issued back in 2014 to comply with regulatory capital requirements, it said on Tuesday.

Rizal Bank to sell $300M dollar bonds

RIZAL Commercial Banking Corp. (RCBC) is returning to the US dollar bond market by selling $300 million of five-year unsecured bonds amid strong demand from investors overseas, it said in a statement on Friday.

RCBC to issue five-year sustainability notes

RIZAL Commercial Banking Corp. (RCBC) will issue dollar-denominated sustainability notes out of its medium-term note (MTN) program, with proceeds to support the bank’s lending business.

RCBC sees double-digit profit growth

YUCHENGCO-LED Rizal Commercial Banking Corp. (RCBC) is on track to grow its bottom line this year by double digits, a senior official said, as the bank’s net income climbed by almost a fourth during the first half.

Acevedo is new RCBC president, CEO

VETERAN BANKER Eugene S. Acevedo took the helm of Rizal Commercial Banking Corp. (RCBC) this month following the retirement of the lender’s former chief.

RCBC Bankard looking to issue five million cards over 10 years

THE CREDIT CARD arm of Rizal Commercial Banking Corp. (RCBC) eyes to issue five million cards over the next 10 years, as it sees growth in the non-card debt segment.

Hanjin creditor banks eyeing shipyard’s sale, shares in parent to recoup...

THE FIVE local banks exposed to the troubled Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) are exploring a two-pronged approach to recoup their funds, an official from Rizal Commercial Banking Corp. (RCBC) said.

RCBC, thrift arm secure BSP’s okay for merger

THE MERGER of Rizal Commercial Banking Corp. (RCBC) and its thrift banking subsidiary, which is intended to reduce operating costs and consolidate the lender’s retail base, has been approved by the central bank.

RCBC to issue P5 billion in sustainability bonds

RIZAL COMMERCIAL Banking Corp. (RCBC) is set to issue at least P5 billion in two-year peso-denominated sustainability bonds, the first of its kind in the country, with the proceeds to fund environmental and social projects.

RCBC books higher net income in 1st quarter on core business...

RIZAL COMMERCIAL Banking Corp. (RCBC) posted higher net income in the first quarter on the back of sustained core business growth.

RCBC innovation head to push ‘sachet banking’

FORMER financial technology (fintech) firm head and now Rizal Commercial Banking Corp. (RCBC) Chief Innovation and Inclusion Officer Angelito “Lito” M. Villanueva eyes to continue his “sachet banking” push to include more unbanked Filipinos into the formal financial system.

RCBC files defamation suit vs Bangladesh central bank

RIZAL COMMERCIAL Banking Corp. (RCBC) filed a defamation lawsuit against the Bank of Bangladesh (Bangladesh Bank) at a lower court in connection with the $81-million cyber heist in February 2016.

RCBC shareholders green-light RSB plan

THE CONSOLIDATION of Rizal Commercial Banking Corp. (RCBC) and its thrift lending arm was approved by majority of its stockholders, which paves the way towards securing the necessary regulatory approvals.

RCBC net income steady at P4.3 billion on lending

RIZAL COMMERCIAL Banking Corp. (RCBC) saw its net income steady at P4.3 billion in 2018, flat from the previous year’s level and supported by increased lending across all segments.

Bangladesh sues RCBC over cyberheist at New York Fed

NEW YORK — Bangladesh’s central bank on Thursday sued a Philippine bank to recoup losses it suffered when unidentified hackers stole $81 million from its account at the Federal Reserve Bank of New York nearly three years ago.

Ex-RCBC branch manager Deguito appeals conviction

FORMER Rizal Commercial Banking Corp. (RCBC) branch manager Maia Santos-Deguito, through her legal counsels, asked the Makati City court to reverse its Jan. 10 decision convicting her of eight counts of money laundering over the $81-million Bangladesh Bank heist in February 2016.

RCBC raises P15 billion from green bond offering

RIZAL COMMERCIAL Banking Corp. (RCBC) has completed the public offering of its local currency green bonds, raising P15 billion to support environmental and climate projects.

RCBC prices P15 billion peso green bond issue at 6.7315%

RIZAL Commercial Banking Corp. (RCBC) said it priced its first peso “green bond” at 6.7315% per annum, with the proceeds to be used to support projects that are environment-friendly and promote resiliency to climate change.

RCBC to offer peso green bonds

RIZAL Commercial Banking Corp. (RCBC) is set to offer local currency green bonds under its newly established framework to support local environmental and climate projects.

RCBC creates green finance framework

RIZAL COMMERCIAL Banking Corp. (RCBC) has established a green finance framework to serve as a basis for future fund-raising activities to support domestic environmental and climate projects.