WebClick Tracer

March 05, 2024

RCBC’s “phygital” transactions soar 43%, covering nationwide operations

Rizal Commercial Banking Corp. (RCBC), owned by the Yuchengco Group, reported an impressive P7.5 billion in transactions through its “phygital” solutions from July 2022 to July 2023, covering 100 percent of its nationwide banking operations and experiencing a 43 percent year-on-year growth in transaction volume.

BSP’s H1 net income drops 64%

The Bangko Sentral ng Pilipinas (BSP) reported a net income of P19.86 billion for the first six months of 2023, reflecting a 64% decrease compared to the same period in 2022.

BSP actively attracts Islamic finance investment to the Philippines

The Bangko Sentral ng Pilipinas is actively promoting the Philippines as a destination for Islamic banking and finance, with a flexible regulatory environment and an underserved market, drawing inquiries from potential investors, and plans to issue its first sovereign sukuk bond soon.

Three rural banks merge to enhance financial stability

Three rural banks have successfully merged in a move aimed at bolstering their financial stability, as confirmed by the Bangko Sentral ng Pilipinas (BSP). The merger officially took effect on July 13, following the necessary regulatory approvals, as detailed in a circular letter signed by Bankero and BSP Deputy Governor Chuchi G. Fonacier on September 15.

Fernando Zobel de Ayala returns as BPI board member

With his re-election subject to confirmation by the Monetary Board, Zobel de Ayala will no longer be a member of the bank’s Advisory Council. He has also been named to BPI’s executive committee and personnel and compensation committee.