Banking & Insurance
RCBC 1Q net down to half on absence of substantial asset sale gain
Rizal Commercial Banking Corp., the lender owned by the Yuchengco Group and the 6th largest in the country by assets, said Monday net income dropped to P2.20 billion in the first-quarter from P3.64 billion in the year-earlier period, when the bank booked P3.35 billion in asset sales.
RCBC taps DMW in OFW-centric financial, digital literacy program
The Rizal Commercial Banking Corporation (RCBC) has embarked on a financial and digital literacy program for overseas Filipino workers in collaboration with the Department of Migrant Workers (DMW).
PBB earnings lifted by interest income, trading gains, lower impairment losses
The Philippine Business Bank said first-quarter net income rose 4.6 percent to P511.5 million, aided by a steady growth in interest and fee-based income, lower impairment losses, and strong trading gains.
GoTyme acquires fintech salary lender SaVii
GoTyme Bank on Tuesday said it acquired SAVii or the New Cross Credit and Financing Gate PH Inc. to help it expand its payroll-enabled financial products operations.
Treasury awards entire P30 billion offered at bond auction
The Bureau of the Treasury awarded in full the P30 billion of 10-year treasury bonds it offered amid strong demand at Tuesday’s auction.
