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September 22, 2023

RCBC approves cash dividends for convertible preferred shareholders

Rizal Commercial Banking Corp. (RCBC) announced that its board has given the green light for the issuance of cash dividends to holders of its convertible preferred shares.

The declared amount is P0.19203 per share, totaling P51,351.24, with payment due within five trading days from the record date of September 21, 2023.

However, the final amount may be lower if additional conversions to common stock occur before the record date, with the actual dollar equivalent dependent on the exchange rate at that time.

These dividends apply to unlisted preferred shares.


UnionBank gets BSP nod, becomes first and only PH universal bank to offer mobile crypto trading

Proving its status anew as an industry trailblazer, Union Bank of the Philippines (UnionBank) recently achieved another first in the industry after securing a Certificate of Authority from the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP), making it the first and only universal bank in the Philippines to offer virtual asset exchange services.

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Maya sweeps banking awards

Fintech firm Maya, a pioneer in digital banking in the Philippines, secures three prestigious awards, including Virtual Bank of the Year, reflecting its commitment to financial inclusion and innovation in the digital banking sector.

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HSBC Philippines CEO Sses bright future for the country

Sandeep Uppal, President and CEO of HSBC Philippines, sees a bright future for the country, citing its welcoming nature, rich history, and potential in sustainable finance and renewable energy investments, while emphasizing the importance of work-life balance and long-term career planning.

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