All members of the Social Security System (SSS) worldwide can now get their SSS benefits and loans proceeds through the DiskarTech mobile app of the Rizal Commercial Banking Corporation (RCBC).
In a partnership launched during the lunar year of the Ox, RCBC President and Chief Executive Offic
Published December 14, 2020, 7:00 AM
Yuchengco-owned Rizal Commercial Banking Corp. (RCBC) will build up DiskarTech – the highest-rating mobile app in the country – as spin-off digital bank, according to its president and CEO, Eugene S. Acevedo.
“What we are doing now is we are growing in-house digital capabilities while investing in a division (DiskarTech) which can potentially be spun off as a stand-alone digital bank,” said Acevedo.
For now, the bank is studying the newly-released central bank rules for banks and non-banks applying for digital bank license.
“We have not finalized that decision,” said Acevedo when asked if RCBC will apply for a separate digital bank license.
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Published December 10, 2020, 2:14 PM
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) has forthrightly declared that it will no longer extend financing to new coal-fired power projects in the Philippines.
That came as a daring statement from RCBC President and CEO Eugene S. Acevedo, the first bank chief executive to do so following last month’s coal moratorium declaration by the Department of Energy.
“No more coal, no more coal. I’ll say that slowly NO MORE COAL,” he told reporters who were attending the Yuchengco Groups’ Future-Proofing 2021 virtual forum.
Acevedo made it clear to the journalists that the bank will be taking a milestone change and shift on its energy project funding – that the leaning moving forward will be largely on renewables and gas-fired power facilities.