Tag "Sumitomo Mitsui Financial Group (SMBC)"

RCBC to Set Up Digital Bank Following US$ 90.5 Million Investment by Japan’s SMBC

The Sumitomo Mitsui Financial Group (SMBC), a Japanese multinational banking and financial services institution, announced that it is set to acquire a 4.99% stake in the Rizal Commercial Banking Corporation (RCBC) in a deal worth US$90.5 million (JPY 10 billion).

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