RCB income drops 16.7% to PHP 4.41Billion

05 Mar


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%.

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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.

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Posted by on March 5, 2015 in Corporate News, RCB, Stock Market


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