Tuesday, May 6, 2014

RCBC aims 25% deposits growth in 2014

By


4:33 pm | Tuesday, May 6th, 2014






THE RCBC Plaza. INQUIRER FILE PHOTO



MANILA, Philippines — Rizal Commercial Banking Corp. (RCBC) aims to grow deposits by a fourth in 2014 while expanding its ATM and branch networks.


Raul Victor B. Tan, RCBC retail banking group head, told reporters Tuesday that combined universal banking and savings banking deposits are projected to rise 25 percent on an average daily balance (ADB) basis from the P136 billion and P26 billion, respectively, or a total of P162 billion at the end of December in 2013.


During the first quarter, current and savings accounts (CASA) deposits totaled P190 billion, up 30 percent from P146 billion in the same three-month period in 2013, Tan disclosed. Of the first-quarter deposits, P160 billion were from the universal banking business, while the remaining P30 billion were contributed by the savings banking segment.


Tan said the deposits growth target would be supported by both the retail and corporate businesses.



Follow Us







Recent Stories:


Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Banking , banks , Business , Rizal Commercial Banking Corp. , savings deposits



Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:


c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94



seo tools
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)