RCBC net income down to P2.2 billion in Q1 | ABS-CBN
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RCBC net income down to P2.2 billion in Q1
RCBC net income down to P2.2 billion in Q1
ABS-CBN News
Published May 13, 2024 04:57 PM PHT
MANILA -- Rizal Commercial Banking Corporation (RCBC) netted P2.2 billion in net income in the first quarter of 2024.
MANILA -- Rizal Commercial Banking Corporation (RCBC) netted P2.2 billion in net income in the first quarter of 2024.
This was down from P3.6 billion they recorded in the same period last year.
This was down from P3.6 billion they recorded in the same period last year.
The bank, however, noted that growth in its core businesses pushed revenues to P11.6 billion.
The bank, however, noted that growth in its core businesses pushed revenues to P11.6 billion.
The lender also noted that net interest income was up 32 percent.
The lender also noted that net interest income was up 32 percent.
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RCBC said assets increased by 7 percent to P1.23 trillion. Deposits also closed 12 percent higher at P959 billion.
RCBC said assets increased by 7 percent to P1.23 trillion. Deposits also closed 12 percent higher at P959 billion.
President and CEO Eugene Acevedo they will continue to consider using artificial intelligence, data-driven campaigns, and robotic process automation to give their customers a more seamless digital banking experience.
President and CEO Eugene Acevedo they will continue to consider using artificial intelligence, data-driven campaigns, and robotic process automation to give their customers a more seamless digital banking experience.
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