By Ted P. Torres
Philippine Star
Yuchengco-controlled Rizal Commercial and Banking Corp. (RCBC) posted a net income of P780 million in the first three months of 2009, a slight one percent gain from the previous year as it built up its lending portfolio despite poor global economic conditions.
“The bank continues to focus on the basics: Building its core business of diversified loan portfolio and deposits. RCBC aims to pursue the strategy of further building financial strength, expanding market reach, and improving customer service quality during this economic slowdown so that it will emerge even stronger when the economy gains in strength,†said Lorenzo V. Tan, RCBC president and chief executive officer.
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