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                    [ArticleID] => 449105
                    [Title] => US fund manager pulls out of RCBC
                    [Summary] => 
Spinnaker Capital Group is pulling out its investments in the Yuchengco-led Rizal Commercial Banking Corp. (RCBC) worth about P2.25 billion, equivalent to over 148 million shares.
                    [DatePublished] => 2009-03-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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                    [ArticleID] => 368128
                    [Title] => RCBC’s Japanese partner sells 17% stake to US fund
                    [Summary] => 



Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU), a unit of Japan’s largest financial company, will sell its 17.14-percent stake in Rizal Commercial Banking Corp. (RCBC) to the US-based Spinnaker Capital Group. 


RCBC said the 17.14-percent interest is equivalent to 108.5 million common shares, hence Spinnaker Capital would need about P2.3 billion for the deal based on the stock’s closing price of P21.25 per share last Wednesday. 


                    [DatePublished] => 2006-11-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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                    [SectionUrl] => business
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                    [ArticleID] => 317230
                    [Title] => RCBC raising P5B in additional capital
                    [Summary] => The Rizal Commercial Banking Corp. (RCBC) is raising up to P5 billion in additional capital to meet the requirements of regulators as well as finance its expansion plans.


Owned by the Yuchengco Group, RCBC plans to raise the amount through the issuance of preferred shares, the sale of non-performing assets (NPAs) with the help of the Special Purpose Vehicle Law (SPV Law), public auctions, and the entry of new partners.


                    [DatePublished] => 2006-01-18 00:00:00
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                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
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                    [ArticleID] => 302723
                    [Title] => RCBC income up 35% to P724M in first 9 months
                    [Summary] => The Yuchengco-controlled Rizal Commercial Banking Corp. (RCBC) posted a net income of P724 million in the first nine months of 2005, up 35 percent from the P538-million earnings in the same period last year.


RCBC executive vice chairman and chief executive officer Rizalino S. Navarro said in a statement that the growth was attributed to the renewed focus at improving the bank’s bottomline.


Total resources stood at P160.27 billion, or 5.49 percent higher than the end-2004 level, but lower by 4.63 percent compared to the first semester this year.


                    [DatePublished] => 2005-10-20 00:00:00
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                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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MITSUBISHI TOKYO FINANCIAL GROUP

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                    [ArticleID] => 449105
                    [Title] => US fund manager pulls out of RCBC
                    [Summary] => 
Spinnaker Capital Group is pulling out its investments in the Yuchengco-led Rizal Commercial Banking Corp. (RCBC) worth about P2.25 billion, equivalent to over 148 million shares.
                    [DatePublished] => 2009-03-18 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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                    [ArticleID] => 368128
                    [Title] => RCBC’s Japanese partner sells 17% stake to US fund
                    [Summary] => 



Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU), a unit of Japan’s largest financial company, will sell its 17.14-percent stake in Rizal Commercial Banking Corp. (RCBC) to the US-based Spinnaker Capital Group. 


RCBC said the 17.14-percent interest is equivalent to 108.5 million common shares, hence Spinnaker Capital would need about P2.3 billion for the deal based on the stock’s closing price of P21.25 per share last Wednesday. 


                    [DatePublished] => 2006-11-11 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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                    [ArticleID] => 317230
                    [Title] => RCBC raising P5B in additional capital
                    [Summary] => The Rizal Commercial Banking Corp. (RCBC) is raising up to P5 billion in additional capital to meet the requirements of regulators as well as finance its expansion plans.


Owned by the Yuchengco Group, RCBC plans to raise the amount through the issuance of preferred shares, the sale of non-performing assets (NPAs) with the help of the Special Purpose Vehicle Law (SPV Law), public auctions, and the entry of new partners.


                    [DatePublished] => 2006-01-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
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                    [URL] => 
                )

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                (
                    [ArticleID] => 302723
                    [Title] => RCBC income up 35% to P724M in first 9 months
                    [Summary] => The Yuchengco-controlled Rizal Commercial Banking Corp. (RCBC) posted a net income of P724 million in the first nine months of 2005, up 35 percent from the P538-million earnings in the same period last year.


RCBC executive vice chairman and chief executive officer Rizalino S. Navarro said in a statement that the growth was attributed to the renewed focus at improving the bank’s bottomline.


Total resources stood at P160.27 billion, or 5.49 percent higher than the end-2004 level, but lower by 4.63 percent compared to the first semester this year.


                    [DatePublished] => 2005-10-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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abtest

US fund manager pulls out of RCBC

By Ted P. Torres | March 18, 2009 - 12:00am

Spinnaker Capital Group is pulling out its investments in the Yuchengco-led Rizal Commercial Banking Corp. (RCBC) worth about P2.25 billion, equivalent to over 148 million shares.

Business

RCBC’s Japanese partner sells 17% stake to US fund

By Ted P. Torres | November 11, 2006 - 12:00am

Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU), a unit of Japan’s largest financial company, will sell its 17.14-percent stake in Rizal Commercial Banking Corp. (RCBC) to the US-based Spinnaker Capital Group....

Business

RCBC raising P5B in additional capital

By Ted P. Torres | January 18, 2006 - 12:00am

The Rizal Commercial Banking Corp. (RCBC) is raising up to P5 billion in additional capital to meet the requirements of regulators as well as finance its expansion plans. Owned by the Yuchengco Group, RCBC plans...

Business

RCBC income up 35% to P724M in first 9 months

By Ted P. Torres | October 20, 2005 - 12:00am

The Yuchengco-controlled Rizal Commercial Banking Corp. (RCBC) posted a net income of P724 million in the first nine months of 2005, up 35 percent from the P538-million earnings in the same period last year. RCBC...

Business