Rizal Commercial Banking Corp. (RCBC) executives announced on Tuesday that one of Japan's biggest banks will buy a nearly 5 percent stake in the Yuchengco-led listed lender.
According to John Thomas Deveras, RCBC senior executive vice president and head of Strategic Initiatives and Asset Management Group, Sumitomo Mitsui Banking Corp. (SMBC) will sign formal agreements with the RCBC to acquire 101,850,000 common shares held in treasury.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.