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Home Graphic Plus Robinsons Bank grows bigger with P27B capital stock

Robinsons Bank grows bigger with P27B capital stock

Robinsons Bank (RBank) increases its capital stock from P15 billion to P27 billion, with the recent approval of the Securities and Exchange Commission (SEC).

In a disclosure to the Philippine Dealing and Exchange Corp. (PDEx) last March 20, the P12-billion increase was composed of 1.2 million shares of common stock with a par value of P10 each.

Backed by the JG Summit Capital Services Corp. and Robinsons Retail Holdings Inc., at least 25%, or P3 billion, was subscribed and paid in full amount.

RBank has made headway in upscaling operations towards forging the path to becoming a universal bank. “We are making important steps to bring the Bank towards the right direction. To sustain our momentum of growth trajectory, more strategic initiatives and sustainable developments are being integrated as we focus on customer-centricity and digitization,” said Mr. Elfren Antonio S. Sarte, President and CEO of Robinsons Bank.

Robinsons Bank is the 18th largest commercial bank in the industry in terms of assets as of 2018, a notch higher from the previous year, data from the central bank showed. RBank recorded an increase in net income of 32% to P292.4 million from P222.2 million in the first nine months of 2018.

For inquiries and concerns, you may reach Robinsons Bank through its Customer Care Center at 637-CARE (2273) or domestic toll-free 1-800-10-637-CARE (2273); or go to its website at www.robinsonsbank.com.ph. Like them on Facebook at www.facebook.com/robinsonsbank/ and follow them on Twitter @RBankCorp.

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