News

RCBC Savings Bank to merge into parent firm RCBC

ABS-CBN News
Posted at Sep 25 10:47 AM

MANILA - Rizal Commercial Banking Corporation on Tuesday announced the consolidation of its thrift bank subsidiary RCBC Savings Bank into the parent firm subject to regulatory approval. Read more »

U.S. charges North Korean in Bangladesh central bank, Sony hacks

Agence France-Presse
Updated as of Sep 07 08:31 AM

The hack of the central bank of Bangladesh saw at least $81 million stolen and transferred between a number of accounts in the Philippines and elsewhere, rendering most of it unrecoverable. Read more »

RCBC Savings Bank chief likens role to orchestra 'conductor'

Jan Yumul, ABS-CBN News
Updated as of Aug 17 03:29 AM

For the boss of RCBC Savings Bank, managing a business is a lot like overseeing an orchestra.  Read more »

RCBC bullish on SME, consumer loans despite rising rates

ABS-CBN News
Posted at Jul 16 04:25 PM

There is continuing demand for loans from small enterprises and consumers for cars, homes and credit cards.  Read more »

RCBC Savings Bank defends loan growth from auto tax, higher interest rates

Cathy Yang, ABS-CBN News
Posted at Jul 04 12:27 PM

Sales in the first half are "on track," but reports from auto dealers that sales are going down "worries" the thrift arm of Rizal Commercial Banking Corp, said its president Rommel Latinazo. Read more »

Digitized peso free from cryptocurrency speculation: RCBC

ABS-CBN News
Updated as of Jun 26 09:55 AM

The Philippines 10th largest lender launched the ePiso last March, allowing clients to transact using digital wallets. The bank said it would also help bring financial services closer to the countryside. Read more »

RCBC 'definitely not settling' with Bangladesh Bank over $81 million caper

ABS-CBN News
Updated as of Jun 26 10:10 AM

The Philippines' 10th largest bank was also "victimized" when unidentified hackers shifted the money to RCBC accounts after they stole it money from Bangladesh Bank's account with the New York Federal Reserve, said RCBC president Gil Buenaventura. Read more »

RCBC launches digital peso, promises secure transactions

ABS-CBN News
Posted at May 23 12:18 PM

Rizal Commercial Banking Corp said Wednesday it launched a first of its kind digital money in the Philippines, promising easier and more secure transactions. Read more »

2 Japan banks tie up with RCBC to assist small business

Kyodo News
Posted at May 16 11:13 PM

Kansai Mirai Financial Group Inc. said Wednesday its two banking units have teamed up with a Philippine lender to help small and midsize Japanese firms advance into the Southeast Asian country. Read more »

Gov't not involved in possible RCBC, Bangladesh Bank deal: Dominguez

Michelle Ong, ABS-CBN News
Updated as of May 04 02:35 PM

A possible out of court settlement between the central bank of Bangladesh and Rizal Commercial Banking Corp over an $81-million cyber theft will not involve the Philippine government, Finance Secretary Carlos Dominguez said Friday. Read more »

Bangladesh open to out-of-court settlement over $81M cyber heist

Reuters
Posted at May 04 03:17 AM

MANILA/DHAKA - Bangladesh would consider an out-of-court settlement with a bank in the Philippines over $81 million stolen from its accounts in New York by hackers who wired the money to Manila, Bangladesh central bank officials said on Thursday. Read more »

Banks announce schedules for Holy Week 2018

ABS-CBN News
Updated as of Mar 28 03:18 PM

MANILA - Banks have announced operating schedules for the Holy Week. Read more »

RCBC bounces back after heist, net income up 11 pct at P4.3-B

ABS-CBN News
Updated as of Sep 12 11:02 PM

Rizal Commercial Banking Corp. (RCBC) on Tuesday reported a net income of P4.3 billion for 2017, 11.4 percent higher than the P3.9 billion it booked in 2016.   Read more »

RCBC fires back at Bangladesh Bank with lawsuit threat

ABS-CBN News
Posted at Feb 08 03:25 PM

Rizal Commercial Banking Corp said Thursday it "has had it" and was considering a lawsuit against Bangladesh's central bank for implicating it in an $81-million heist 2 years ago. Read more »

RCBC faces lawsuit over $81-M bank heist

Agence France Presse
Updated as of Feb 08 01:40 AM

DHAKA - Bangladesh's central bank will file a lawsuit in New York against a Philippine bank over the world's largest cyber heist, its finance minister said Wednesday. Read more »

RCBC chief expects double-digit growth next year

ABS-CBN News
Updated as of Dec 14 07:14 AM

MANILA - Publicly-listed Rizal Commercial Banking Corp. (RCBC) said it expects to book double-digit growth in earnings next year on the back of its robust core businesses as it has moved on from the $81-million cyber heist.   Read more »

RCBC demands Bangladesh Bank to divulge results of internal probe

ABS-CBN News
Updated as of Dec 12 03:54 PM

The Rizal Commercial Banking Corporation (RCBC) has demanded Bangladesh central bank (BB) to release the results of its internal probe on the $81 million heist allegedly stolen from the New York Federal Reserve. Read more »

RCBC official lashes out at Bangladesh Bank

ABS-CBN News
Posted at Dec 12 02:37 AM

A Rizal Commercial Banking Corp. official on Monday lashed out at Bangladesh Bank regarding the $81-million heist in 2016. Read more »

Bangladesh minister wants to 'wipe out' RCBC for heist role

Reuters
Updated as of Dec 11 08:22 AM

(UPDATED) Bangladesh's finance minister said late on Saturday he wanted to "wipe out" a Philippines bank that was used to channel $81 million stolen from the Bangladeshi central bank's account with the Federal Reserve Bank of New York last year. Read more »

Bangladesh Bank mulls civil suit against RCBC for cyber-heist damages

Krishna N. Das and Serajul Quadir, Reuters
Posted at Dec 08 11:51 PM

DHAKA - Bangladesh's central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world's biggest cyber-heists, several sources said. Read more »