RCBC profit surges 70% to P3.6B in Q1

By The Manila Times

May 12, 2023 12:18 am

RIZAL Commercial Banking Corp. (RCBC) netted P3.64 billion in the first three months of 2023, 70 percent higher compared to P2.1 billion in 2022.

The bank said its total resources expanded by 20 percent year on year to P1.2 trillion with the steady build-up of earning assets as customer loans increased by 10 percent and investment securities rose by 27 percent.

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