RCBC Full Year 2012 Net Income 24% Higher at P 6.21 Billion
The Rizal Commercial Banking Corporation posted an unaudited net income of P6.21 Billion in 2012, 24% higher than 2011's P5.01 Billion. The bank's Return on Equity (ROE) remained strong at 15.52% while Return on Assets stood at 1.77%.
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RCBC Named PH's SME Bank of the Year
For consistently rolling out pioneering initiatives and implementing programs that directly benefit the country's small and medium enterprise (SME) sector, RCBC was hailed as the Philippines' SME Bank of the Year by the Asian Banking and Finance Magazine in its 2012 Retail Banking Awards held recently in Singapore.
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RCBC 1st Half Net Income up by 35% at P3.01 Billion
RCBC posted P3.01 Billion in Net Income for the 1st Half of 2012, P 779 Million or 35% higher than the P 2.23 Billion registered during the same period last year. Annualized Return on Average Equity remained strong at 15.43%.
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RCBC Launches SME Loans for Women
RCBC has introduced an SME business loan program which gives women the opportunity to increase their financial capacity and meet the growing demands of their business.
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