Regulatory Alerts2024-01-31
RCBC Trust Corporation Establishment and Commencement of Operations
The Bangko Sentral ng Pilipinas issued this circular to announce the operational launch of RCBC Trust Corporation following the Monetary Board's approval of its spin-off from Rizal Commercial Banking Corporation. The new entity was registered with the Securities and Exchange Commission in June 2023 and received its Certificate of Authority to Operate in October 2023. RCBC Trust Corporation officially commenced its operations on January 2, 2024, as detailed in this regulatory notice to all banks and non-bank financial institutions.
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