The earnings of Yuchengco-led Rizal Commercial Banking Corp. surged by 71 percent to an all-time high of P12.1 billion last year from P7.1 billion in 2021, supported by the double-digit increase in core business income.
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Rizal Commercial Banking Corp. continues to ramp up sustainable financing in support of the banking sector’s move toward building a climate-resilient and low-carbon portfolio.
Yuchengco-led Rizal Commercial Banking Corp. has tied up with the Aboitiz Group to allow it to launch remittance and loan features in its financial inclusion app.
Philippine banks stayed resilient amid headwinds as the economy continued to recover from the impact of the COVID-19 pandemic and Russia’s invasion of Ukraine, as well as the aggressive rate hikes delivered by the US Federal Reserve.