Tag "Sumitomo Mitsui Financial Group (SMBC)"

RCBC Receives US$460M Strategic Investment From SMBC
Funding Virtual Banking

RCBC Receives US$460M Strategic Investment From SMBC

Sumitomo Mitsui Banking Corporation (SMBC) has increased its stake in Rizal Commercial Banking Corporation (RCBC) from 4.999% to 20.0%, providing an injection of PhP 27.126 billion (approximately US$ 460.78 million) in capital. SMBC’s strategic investment is said to be part

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

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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