11 months RCBC profit flat at P4.3 B MB |Biz
By James A. Loyola Rizal Commercial Banking Corporation (RCBC) reported that its consolidated net income was flat at P4.3 billion in 2018, same level as the previous year, due to lower trading gains. In a disclosure to the Philippine Stock Exchange, thebank said it was able to sustain core business growth with net interest income increasing by 14 percent to P20.5 billion in 2018, accounting for 77 percent of total gross income. Excluding non-recurring income (trading gains), core income grew 26 percent compared to last year coming from stronger core business led by a double-digit growth in net interest ... more