RCBC’s 9-mos profit drops, total assets reach ₱1.3T

Quick Summary:

YUCHENGCO-led Rizal Commercial Banking Corp.(RCBC) posted a lower net profit in the first three quarters of the year.

However, RCBC said its total assets reached P1.3 trillion and total capital at P158.1 billion.

Its core income increased by 28 percent due to an 11-percent growth in its loans and a general improvement in yields.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Percent Portfolio Loan Growth Assets Rcbc Rcbc’s Consumer Profit Billion Total

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 16:01:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 439 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23588636

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