Company Overview of Rizal Commercial Banking Corporation
Rizal Commercial Banking Corporation provides banking and financial products and services in the Philippines and internationally. It operates through Retail Banking, Corporate Banking, Treasury, and Others segments. The company’s deposit products include checking and savings accounts, time deposits, foreign currency deposits, and cash cards. Its loan portfolio comprises commercial and consumer loans; and wholesale lending, rediscounting, and guaranty facilities. The company also provides remittance, payment and settlement, treasury, trust, overdraft facilities, money market, and trading services. In addition, it offers corporate cash management services, such as collection and receivables se...
6819 Ayala Avenue
Makati City, 0727
Founded in 1960
Key Executives for Rizal Commercial Banking Corporation
Rizal Commercial Banking Corporation does not have any Key Executives recorded.
Rizal Commercial Banking Corporation Key Developments
Rizal Commercial Banking Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Reports Impairment Losses for the Third Quarter of 2015
Nov 9 15
Rizal Commercial Banking Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, net income reached PHP 1.11 billion compared to PHP 1.14 billion reported last year for the comparable quarter. Net interest income reached PHP 4.0 billion, 10% higher over the PHP 3.65 billion reported last year for the comparable quarter. The company reported interest income of PHP 5.5 billion compared to PHP 5.0 billion, income before tax of PHP 1.31 billion compared to PHP 1.35 billion for the last year. Gross revenue was PHP 6,659 million against PHP 6,643 million a year ago. Diluted earnings per share were PBP 0.07 against PHP 0.2 a year ago.
For the nine months, the company reported net income attributable to parent company’s shareholders of PHP 3.64 billion, 21% higher than the PHP 3.8 billion a year ago. Diluted EPS settled at PHP 3.68 compared to PHP 2.81 reported for the same period last year. Annualized return on equity improved to 9.0% from 8.56% while return on assets was also better at 1.1% as against 0.95% as of end-September 2014. Net interest income reached PHP 11.46 billion compared to PHP 11.2 billion reported in last year. The company reported interest income of PHP 15.7 billion compared to PHP 15.1 billion, income before tax of PHP 4.2 billion compared to PHP 4.4 billion for the last year. Net cash from used in operating activities was PHP 1.14 billion compared to PHP 0.406 billion, acquisitions of bank premises, furniture, fixtures and equipment (net) was PHP 1.5 billion compared to PHP 1.1 billion and acquisitions of software was PHP 0.244 billion compared to PHP 0.167 billion for the last year. Gross revenue was PHP 21,201 million against PHP 20,241 million a year ago.
For the quarter, the company reported impairment loss of PHP 196 million against PHP 410 million a year ago.
Rizal Commercial Banking Corporation Approves the Declaration of Cash Dividend for Convertible Preferred Shares, Payable on December 21, 2015
Nov 5 15
The Board of Directors of Rizal Commercial Banking Corporation in its regular meeting held on November 4, 2015, approved the declaration and payment of cash dividend for the Bank's convertible preferred shares of PHP 0.05928 per share amounting PHP 18,385.06, payable on December 21, 2015.
Rizal Commercial Banking Corporation, Board Meeting, Nov 04, 2015
Nov 5 15
Rizal Commercial Banking Corporation, Board Meeting, Nov 04, 2015. Agenda: To approve the declaration and payment of cash dividend for the Bank's convertible preferred shares.
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