Rizal Commercial Banking Corp.’s net income managed to grow by a tenth in the year’s first quarter. Yuchengo conglomerate’s banking arm booked a P1.8 billion unaudited consolidated net income within the January to March period. The amount is up 12.43% in comparison to the P1.60 billion from the previous year.
RCBC revealed that its net earnings translated to a yearly return on equity of 12.24%. This is a key measure of performance, while net income as a percentage of total assets, was at 1.43%. Concerning shares, RCBC closed at P31 each yesterday. This makes it up by 45 centavos or 1.47% from the previous finish of P30.55.
