RCBC income up 40% at end-Sept

LISTED Rizal Commercial Banking Corp. (RCBC) reported on Wednesday that its consolidated net income rose by 40.6 percent to P4.5 billion from January to September from P3.2 billion in the same period in 2018.

“The robust growth was driven by the bank’s focus in strengthening its core business, consistently generating double-digit growth in net interest income,” the Yuchengco-led lender said in a disclosure.