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July 07, 2015 2:07 PM ET

Banks

Company Overview of Rizal Commercial Banking Corporation

Company Overview

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...

Yuchengco Tower

RCBC Plaza

6819 Ayala Avenue

Makati City,  0727

Philippines

Founded in 1960

Phone:

63 2 894 9000

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 Board Changes

Rizal Commercial Banking Corporation announced that stockholders at their annual meeting and board of directors at their regular and organizational meetings respectively held on June 29, 2015, approve the appointment of the chairman and members of the various committees as: Antonino L. Alindogan, Jr. and Teodoro D. Regala as Member of the Executive Committee. Armando M. Medina as Chairman of the Audit Committee, Lourdes M. Ferrer as Member of the Trust Committee. Regino V. Magno, Rowena F. Subido, Raul Victor B. Tan, and Florentino M. Madonza as Members of the Personnel Evaluation and Review Committee. Richard G.A. Westlake as Member of the Risk Oversight Committee. Atty. Maria Celia Fernandez- Estavillo as Member of the Corporate Governance Committee. President and CEO, RCBC as Member of the Technology Committee. Antonino L. Alindogan, Jr. as Chairperson of the Related Party Transactions Committee, Teodoro D. Regala, Yuh-Shing (Francis) Peng as Member of the Related Party Transactions Committee, Atty. Maria Celia Fernandez- Estavillo Alternate Member of the Related Party Transactions Committee.

Rizal Commercial Banking Corporation Presents at Macquarie Emerging Leaders Corporate Day - Singapore, Jun-23-2015

Rizal Commercial Banking Corporation Presents at Macquarie Emerging Leaders Corporate Day - Singapore, Jun-23-2015 . Venue: The Fullerton Hotel, 1 Fullerton Square, Singapore 049178, Singapore.

Twelve Banks And Other Financial Institutions Submit Letters Of Intent For Stake In UCPB

Twelve banks and other financial institutions have expressed interest in acquiring government’s majority stake in United Coconut Planters Bank (UCPB). On June 17, 2105, Chief Privatization Officer Toni Angeli V. Coo said that the Privatization and Management Office (PMO) had received 12 letters of intent “from a mix of local and foreign entities, banks and private equity firms” as of June 17, 2016 deadline for submission of letters. He added that “some are listed companies, so they may need to complete their own internal processes in order to finalize their own disclosures, and their decision whether to bid.” Industry sources stated that, among the banks that submitted letters of intent were BDO Unibank, Inc. (PSE:BDO), Bank of the Philippine Islands, Philippine National Bank (PSE:PNB), Rizal Commercial Banking Corporation (PSE:RCB), Mitsubishi UFJ Financial Group, Inc. (TSE: 8306) and Robinsons Bank Corporation., as well as at least four foreign entities from Japan, Malaysia and Taiwan. According to previous reports, China Banking Corporation (PSE:CHIB), EastWest Banking Corporation (PSE:EW), Security Bank Corp. (OTCPK:SBK.Q) and UnionBank of the Philippines (PSE:UBP) had also expressed interest in participate in the bidding. The stake sale is expected to be concluded by September 2015. The transaction would require the winning bidder to recapitalize the bank in the amount of at least PHP 15 billion through subscription to up to 37.2 billion primary common shares of UCPB.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 26, 2015
Merchants Savings & Loan Association Inc.
Merger/Acquisition
September 29, 2014
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