RCBC concludes P15-billion stock rights offering

RIZAL Commercial Banking Corp. (RCBC) held a bell ringing ceremony at the Philippine Stock Exchange (PSE) to mark the completion of its P15-billion stock rights offering. “Now that the RCBC has further improved its capital ratios through this offering, the bank can now focus even more on its mission of addressing the financial services needs of its clients. While the bank has a wide-range of products and services for the typical commercial and retail segments, it is worth noting that RCBC also developed banking solutions for overseas Filipino workers as well as entrepreneurs with small and medium sized businesses,” said PSE chairman Jose T. Pardo in his welcome remarks during the ceremony. (PR)

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