Loan growth boosts RCBC Jan.-March results

MANILA, Philippines–Yuchengco-led Rizal Commercial Banking Corp. grew its first-quarter net profit year-on-year by 20.59 percent to P1.6 billion, citing the strong momentum of its lending business. Annualized return on equity and return on assets stood at 12.4 percent and 1.5 percent, respectively. Net interest income contributed P3.6 billion and represented 55 percent of gross income. […]