Read this in The Manila Times digital edition.
THE board of directors of Rizal Commercial Banking Corp. (RCBC) has approved a P27-billion capital infusion from Japanese bank Sumitomo Mitsui Banking Corp. (SMBC).
In a disclosure to the Philippine Stock Exchange, RCBC said its board approved the increase in SMBC's stake to 20 percent from 4.999 percent through the combined sale and subscription of 382.057 million common stock.
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
.