Rizal Commercial Banking Corporation

Also known as RCBC

Rizal Commercial Banking Corporation (RCBC) is a prominent Philippine bank that recently provided PHP3.256 billion for the Alabat Wind Project, contributing to national efforts to boost clean energy usage. The bank's president, Gil Buenaventura, who passed away on April 21, 2025, had led RCBC since 2016 and played a crucial role in navigating the aftermath of the Bangladesh Bank heist. RCBC continues to support various economic initiatives through its financial expertise and market analysis.

This is an AI-generated summary based on recent coverage.
Last updated at April 25, 2025.

Recent stories about RCBC

Philippine stocks dip amid US policy uncertainty

The local stock market in the Philippines dipped slightly on Thursday after winning for three straight days, as investors remain cautious amid unpredictable policy shifts by the US and attacks by President Trump on the Federal Reserve.
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RCBC releases PHP3.256B for Alabat Wind Project

Renewable energy firm Alternergy Holdings Corp. has received PHP3.256 billion from Rizal Commercial Banking Corp. (RCBC) as part of a PHP5.3-billion facility to fund the 64-megawatt Alabat Wind Project in Quezon province.
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Gil Buenaventura, RCBC's president, passes away

Veteran banker Gil Buenaventura passed away on Monday, April 21, according to an announcement by Rizal Commercial Banking Corp. (RCBC).
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BTr borrows PHP 25B via T-bills in oversubscribed auction

On Monday, April 21, 2025, the Bureau of the Treasury (BTr) borrowed PHP 25 billion through short-dated T-bills in a mixed auction.
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Philippines' January external debt service drops by over 50%

Philippines' external debt service burden fell by more than 50% in January due to a significant drop in principal payments.
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Treasury raises PHP135B from bond sale amid strong investor demand

The Bureau of the Treasury raised PHP135 billion from a 10-year Treasury bond auction on Tuesday amid strong demand from investors, fetching a coupon rate of 6.375 percent and an average yield of 6.286 percent.
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Cash remittances up 2.7% to $2.72B in Feb

Overseas Filipino workers contributed to a 2.7% year-on-year increase in cash remittances through formal channels to $2.72 billion in February, according to data released by the Bangko Sentral ng Pilipinas (BSP) on Tuesday.
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Financial system grows by over seven pct to ₱33.61T

As of February 2025, the Philippine financial system's total resources expanded to ₱33.61 trillion, marking a growth of over seven percent compared to ₱31.33 trillion in 2024.
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CAMPI, TMA: Philippine vehicle sales up 6.8% in Q1, commercial vehicle sales lead growth

The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) reported a 6.8% increase in vehicle sales to 117,074 units from January to March compared to the same period last year.
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PSEi drops 0.83% as markets close for Holy Week, BSP cuts interest rates

The Philippine Stock Exchange Index (PSEi) fell by 0.83% or 51.48 points to close at 6,134.62 on Wednesday, snapping its five-day rally due to profit-taking before the Holy Week break.
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