Rizal Commercial Banking Corp. (RCBC), the financial arm of the Yuchengco Group, said its first-quarter net income grew 10 percent year-on-year to P2.43 billion from a year ago, boosted by strong core business performance and consumer loan growth.
Gross revenues climbed 20 percent to P14.7 billion, led by net interest income which jumped 29 percent to P12.3 billion and improved customer loan portfolio which expanded 12 percent.
Consumer loans increased 39...
Rizal Commercial Banking Corp. (RCBC), the financial arm of the Yuchengco Group, said its first-quarter net income grew 10 percent year-on-year to P2.43 billion from a year ago, boosted by strong core business performance and consumer loan growth.
Gross revenues climbed 20 percent to P14.7 billion, led by net interest income which jumped 29 percent to P12.3 billion and improved customer loan portfolio which expanded 12 percent.
Consumer loans increased 39...
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