Loans to consumers and SMEs help prop RCBC’s income by 84% in the first half of the year

calendar_today August 18, 2023 schedule 3 min read

Rizal Commercial Banking Corp. (RCBC) announced recently that it achieved double-digit growth in the first 6 months of this year, with the company’s net income rising by 84% on the strength of significant loan growth across all segments. In a filing to the Philippine Stock Exchange (PSE), RCBC shared that its net income increased by […]

News, Payment

BSP reveals that e-wallets now make up more than 40% of retail transactions in PH

calendar_today July 4, 2023 schedule 4 min read

Physical restrictions have been put in place during the epidemic to prevent people from becoming infected; as a result, mobile e-wallets and digital banks that facilitate cashless payments have arisen and become extremely popular among Filipinos. Three years later, despite the removal of restrictions, digital payments are still popular. Most recently, Felipe M. Medalla, governor […]