Rizal Commercial Banking Corp. (RCBC), the financial arm of the Yuchengco Group, said it expects credit card spending to increase 50 percent in the fourth quarter of 2024 from a year ago, as people will likely spend on retail and travel.
RCBC Credit Card president Arniel Vincent Ong said the bank expects a significant rise in spending particularly on toys, hobbies, electronics, clothing and department stores.
The growth is driven by...
Rizal Commercial Banking Corp. (RCBC), the financial arm of the Yuchengco Group, said it expects credit card spending to increase 50 percent in the fourth quarter of 2024 from a year ago, as people will likely spend on retail and travel.
RCBC Credit Card president Arniel Vincent Ong said the bank expects a significant rise in spending particularly on toys, hobbies, electronics, clothing and department stores.
The growth is driven by...
Philippine Deposit Insurance Corporation (PDIC) president and chief executive Roberto Tan was elected as member of the Executive Council of the International Association of...
Security Bank Corp. said Friday it is acquiring 25 percent stake in HC Consumer Finance Philippines, Inc. (HCPH), a leading consumer financing company in...
Both bank loans and money supply continued to grow in October 2024, the Bangko Sentral ng Pilipinas (BSP) said Friday.
Preliminary data show that outstanding...
