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                    [ArticleID] => 377089
                    [Title] => US fund manager wraps up purchase of RCBC stake
                    [Summary] => 



International fund manager Spinnaker Capital Group has completed the purchase of over 13 percent of the Yuchengco-led Rizal Commercial Banking Corp. (RCBC), making it the new minority partner in one of the country’s biggest lenders.


In a disclosure to the Philippine Stock Exchange (PSE); RCBC said Spinnaker Global Strategic FundLtd. acquired a 5.48-percent stake while Spinnaker Global Emerging Markets Fund Ltd. bought 8.06 percent of the bank.


RCBC said the Spinnaker Capital Group bought the shares last Dec. 15 to be used for investment purposes.


                    [DatePublished] => 2006-12-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 354136
                    [Title] => RCBC mulls hybrid Tier 1 capital in September
                    [Summary] => 

The Rizal Commercial Banking Corp. (RCBC) is preparing to issue a $130 million hybrid Tier 1 capital in September.


"Now is a good time to borrow. Our plan is to tap the offshore market next month because the spreads have tightened," RCBC president Francisco Magsajo told reporters yesterday at the launch of its product designed for overseas Filipino workers (OFWs) being marketed by subsidiary, RCBC Savings Bank.


                    [DatePublished] => 2006-08-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 274119
                    [Title] => RCBC not affected by Pacific Plans’ problems — BSP
                    [Summary] => Despite having the same stockholders, bank regulators said  yesterday  the Rizal Commercial Banking Corp. (RCBC), the Yuchengco group’s flagship company,  is not affected by the problems besetting    Pacific Plans Inc. (PPI).


The Bangko Sentral ng Pilipinas (BSP) said  that PPI’s problems have not affected RCBC, one of the biggest commercial banks in the country. 


                    [DatePublished] => 2005-04-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 98359
                    [Title] => Thrift banks mull mergers to survive competition
                    [Summary] => A number of thrift banks have been exploring the possibility of merging with one another to survive the stiff competition in the local banking industry, a Chamber of Thrift Banks (CTB) official told The STAR.


"There are ongoing discussions (for thrift banks), especially those undercapitalized ones to merge or look for a strategic partner," CTB incoming president Francisco Magsajo said.


He said the CTB, has in fact, been encouraging smaller thrift banks to consolidate.
                    [DatePublished] => 2000-12-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

FRANCISCO MAGSAJO

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    [results] => Array
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            [0] => Array
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                    [ArticleID] => 377089
                    [Title] => US fund manager wraps up purchase of RCBC stake
                    [Summary] => 



International fund manager Spinnaker Capital Group has completed the purchase of over 13 percent of the Yuchengco-led Rizal Commercial Banking Corp. (RCBC), making it the new minority partner in one of the country’s biggest lenders.


In a disclosure to the Philippine Stock Exchange (PSE); RCBC said Spinnaker Global Strategic FundLtd. acquired a 5.48-percent stake while Spinnaker Global Emerging Markets Fund Ltd. bought 8.06 percent of the bank.


RCBC said the Spinnaker Capital Group bought the shares last Dec. 15 to be used for investment purposes.


                    [DatePublished] => 2006-12-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 354136
                    [Title] => RCBC mulls hybrid Tier 1 capital in September
                    [Summary] => 

The Rizal Commercial Banking Corp. (RCBC) is preparing to issue a $130 million hybrid Tier 1 capital in September.


"Now is a good time to borrow. Our plan is to tap the offshore market next month because the spreads have tightened," RCBC president Francisco Magsajo told reporters yesterday at the launch of its product designed for overseas Filipino workers (OFWs) being marketed by subsidiary, RCBC Savings Bank.


                    [DatePublished] => 2006-08-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 274119
                    [Title] => RCBC not affected by Pacific Plans’ problems — BSP
                    [Summary] => Despite having the same stockholders, bank regulators said  yesterday  the Rizal Commercial Banking Corp. (RCBC), the Yuchengco group’s flagship company,  is not affected by the problems besetting    Pacific Plans Inc. (PPI).


The Bangko Sentral ng Pilipinas (BSP) said  that PPI’s problems have not affected RCBC, one of the biggest commercial banks in the country. 


                    [DatePublished] => 2005-04-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 98359
                    [Title] => Thrift banks mull mergers to survive competition
                    [Summary] => A number of thrift banks have been exploring the possibility of merging with one another to survive the stiff competition in the local banking industry, a Chamber of Thrift Banks (CTB) official told The STAR.


"There are ongoing discussions (for thrift banks), especially those undercapitalized ones to merge or look for a strategic partner," CTB incoming president Francisco Magsajo said.


He said the CTB, has in fact, been encouraging smaller thrift banks to consolidate.
                    [DatePublished] => 2000-12-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

US fund manager wraps up purchase of RCBC stake

By Ma. Elisa Osorio  | December 28, 2006 - 12:00am

International fund manager Spinnaker Capital Group has completed the purchase of over 13 percent of the Yuchengco-led Rizal Commercial Banking Corp. (RCBC), making it the new minority partner in one of the...

Business

RCBC mulls hybrid Tier 1 capital in September

August 22, 2006 - 12:00am

The Rizal Commercial Banking Corp. (RCBC) is preparing to issue a $130 million hybrid Tier 1 capital in September. "Now is a good time to borrow. Our plan is to tap the offshore market next month because...

Banking

RCBC not affected by Pacific Plans’ problems — BSP

By Des Ferriols | April 16, 2005 - 12:00am

Despite having the same stockholders, bank regulators said yesterday the Rizal Commercial Banking Corp. (RCBC), the Yuchengco group’s flagship company, is not affected by the problems besetting Pacific...

Business

Thrift banks mull mergers to survive competition

By Donnabelle L. Gatdula | December 29, 2000 - 12:00am

A number of thrift banks have been exploring the possibility of merging with one another to survive the stiff competition in the local banking industry, a Chamber of Thrift Banks (CTB) official told The STAR. "There...

Business