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The bank was established by Alfonso Yuchengco on September 23, 1960, as Rizal Development Bank, a small development bank in Rizal province. [13] It was later upgraded to a commercial bank upon the approval of the Bangko Sentral ng Pilipinas and, in 1963, began operation as such under its present name Rizal Commercial Banking Corporation (RCBC).
In 2016, the magazine again named RCBC as "Overall Best Private Bank" in its annual poll. [42] RCBC was also named as the Philippine bank with the “Best Implementation of a Technology Solution” at the Wealth Briefings Asia Awards 2015 in Singapore for the successful rollout of its new Finacle Wealth Management System. [43]
The 2010s were seen as a great decade for the automobile industry in the country, with new car brands and vehicle models arriving for the local market. From 2015 onwards, the country's automobile market has been progressing. The automobile industry in the Philippines has struggled due to the COVID-19 pandemic.
Hong Kong does not have import tax for cars, however, the first registration tax is high. And the first registration tax rate is progressive, which means a higher price car will fall into a higher tax bracket. Since the used car values are mostly lower than new cars of the same model, used car can enjoy a lower tax rate due to depreciated car ...
Rizal Commercial Banking Corporation (RCBC) 1,382,041.51: 7 Philippine National Bank (PNB) 1,254,974.36: 8 Security Bank Corporation (Security Bank) 1,189,460.23: 9 Union Bank of the Philippines (Unionbank) 975,009.45: 10 Development Bank of the Philippines (DBP) 971,535.85: 11 East West Banking Corporation (EastWest Bank) 468,225.98: 12 ...
A robbery-massacre occurred at the branch of the Rizal Commercial Banking Corporation (RCBC) inside the Laguna Industrial Science Park in Barangay Pulo of Cabuyao, Laguna. [ 5 ] The crime occurred prior to the scheduled 9am opening of the outlet with customers alerting the police after the bank did not open as scheduled.
Before becoming a banker, Acevedo was a Physics Lecturer at the University of the Philippines - National Institute of Physics. [ 7 ] Acevedo took his master's degree in Business Management at Asian Institute of Management where he was the Javier Nepomuceno Scholar, and had the highest GPA in his class.
BancNet was founded on July 17, 1990, as the Philippines' second ATM consortium when the ATMs of eight banks, PCI Bank (later Equitable PCI Bank, now Banco de Oro), Security Bank, Chinabank, RCBC, Allied Bank (now part of PNB), Metrobank, International Exchange Bank (now part of UnionBank) and CityTrust Banking Corp. (now part of BPI) formed BancNet.