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Higher expenses pull down RCBC earnings

By Inquirer - 55 minutes ago
Higher costs pulled down the net profit of Yuchengco-led Rizal Commercial Banking Corp. (RCBC) by 31 percent to P6.2 billion in the first nine months of the year despite a bigger loan portfolio. In a stock exchange filing on Thursday, RCBC said net interest income expanded by 27.6 percent to P30.93 billion, driven by a

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