BY UNICAPITAL SECURITIES
Rizal Commercial Banking Corp. (RCBC) posted an unaudited consolidated net income of PHP 4.41 billion in 2014, 16.7% lower than the PHP 5.31 billion earnings in 2013.
However, core income, which excludes trading gains and extraordinary income, increased 29%.
Net interest income reached PHP 14.98 billion, up 13% from PHP 13.31 billion the prior year.
Net interest margin (NIM) improved 4.3% as against 4.22% in 2013.