RCBC profit falls 22.5% on higher provisions amid strong lending

MANILA, Philippines — Rizal Commercial Banking Corp. (RCBC) saw its first-half net income fall 22.5 percent after setting aside higher credit impairment provisions to cushion heightened geopolitical uncertainties, even as its core lending business expanded. In a disclosure on Thursday, the Yuchengco-led bank reported a net income of P4.11 billion for the first six months