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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).
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.
Lorenzo Tan was president and chief executive officer of RCBC for 9 years, from 2007 to 2016. During his first year with RCBC he steered the bank to a 56% growth in its net income at Php 3.21 billion, the steepest profit growth among the Philippines' top 10 banks. In 2009 RCBC recorded a 54% increase in its net income at Php3.33 billion. [32]
Philippine classified ads site Sulit and social networking site Multiply rebranded as OLX in 2014. The merger in the Philippines between OLX and Ayos Dito redirected Ayos Dito users to OLX as of 2015. [12] In April 2019, Carousell acquired OLX Philippines after receiving an investment from Naspers. [13] The deal also gave OLX 10% stake in ...
Cars included Mercedes-Benzes, BMWs, Alpinas, Ferraris, Jaguars, Lamborghinis, Porsches, a C3 Corvette Stingray. The most recent one being a Mclaren 620R. The car was seized in Port of Manila in 2020 and was destroyed a year later in June 2021 along with other vehicles. [61] [62] Politicians have shown concerns about the destroyed vehicles.
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.
The RCBC Plaza is the home of Rizal Commercial Banking Corporation (RCBC), as well as the Yuchengco Institute for Advanced Studies (a partnership between RCBC and De La Salle University Professional Schools) and Yuchengco Museum. [13] [14] It also houses the Carlos P. Romulo Auditorium, an auditorium with a capacity of 450 seats. [15]
Victory Liner – it is a bus conglomerate and one of the largest bus company in the Philippines and the largest in terms of fleet size excluding their subsidiaries. It offers daily trips from Metro Manila to the different provinces in Northern Luzon (Cagayan Valley, Central Luzon, Ilocos Region, Baguio and Tabuk).