RCBC says nine-month profit up 117% at P2.52B

Rizal Commercial Banking Corp., registered a consolidated net income of P2.52 Billion in the first nine months of 2007, a 117.6-percent growth over the P1.16 Billion posted in the same period last year. In a statement, the bank said profits for the first nine months have already eclipsed last year’s full year figure of P2.05 billion, which was previously the highest it has posted in its history. RCBC presently has 297 branches, including newly opened Business Centers such as the ones in Toledo City, Bacolod and Angeles City and 283 ATMS nationwide. RCBC plans to expand its ATM network by 200 new ATMs over the next three years. The bank, through its overseas remittance services, is also present in 24 countries through its network of remittance centers/branches and tie-ups. - GMANews.TV