RCBC bad loan ratio 8.6% as of end-Sept

Rizal Commercial Banking Corp. (RCBC) said its non-performing loans (NPL) totaled P7.12 billion or 8.6 percent of total loans as of September 30. The lender, which is controlled by the Yuchengco group, said in its latest statement of condition that it set aside general provisions for probable loan losses of P413.75 million and specific provisions of P7.15 billion. Return on equity stood at 6.20 percent at end-September. - GMANews.TV