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

Business Mirror LogoBusiness Mirror15h ago

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

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:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 16:01:00 (15 hours 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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About Business Mirror

Business Mirror Logo

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 63 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 15 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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  • URL: https://beamstart.com/news/rcbcs-9-mos-profit-drops-17316017424391

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