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RCBC Equity

Sector: Residential • Location: Philippines

Source: International Finance Corporation (IFC)

Project
Completed

This project comprises an investment in Rizal Commercial Banking Corporation (“RCBC” or the “Bank”) a listed bank in the Philippines, into which IFC is proposing an equity investment of up to US$49 million in the form of common shares. The Bank provides a wide range of banking and other financial products and services, including commercial and retail banking, credit cards, asset management and tr

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Project Information

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The project “RCBC Equity” is an infrastructure initiative in the Residential sector, located in Philippines. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Status

Original status

completed

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Email

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Description

Description

This project comprises an investment in Rizal Commercial Banking Corporation (“RCBC” or the “Bank”) a listed bank in the Philippines, into which IFC is proposing an equity investment of up to US$49 million in the form of common shares. The Bank provides a wide range of banking and other financial products and services, including commercial and retail banking, credit cards, asset management and treasury and investment banking products and services. IFC’s proposed investment will support the Bank’s growth (both organic and via acquisitions) in the areas of microfinance, SME and retail banking. This project fits in with IFC’s strategy to support the Philippine financial markets through equity type investments in local financial institutions that play a key role in providing access to finance to underserved sectors such as SMEs and microfinance.

Original sub-sector

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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