RCBC posts P3.86 billion net income in 2016 | SunStar

RCBC posts P3.86 billion net income in 2016

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RCBC posts P3.86 billion net income in 2016

Friday, February 17, 2017

RIZAL Commercial Banking Corp. posted an unaudited consolidated net income of P3.86 billion in 2016. Return on equity and return on assets stood at 6.40 percent and 0.77 percent, respectively. Net interest income reached P15.7 billion and represented 69.0 percent of total gross income amounting to P22.81 billion. The interest income from the lending business grew by 11.42 percent year-on year. Net interest margin (NIM) was still strong at 4.06 percent due to the 18.8 percent growth in consumer loans and the 10.2 percent growth in SME loans including microfinance. PR

Published in the Sun.Star Cebu newspaper on February 18, 2017.

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