BELEAGUERED Rizal Commercial Banking Corp. on Tuesday received more support from big companies amid the ongoing Senate investigation on the illegal transfer of $81 million to country’s financial system through the bank’s branch in Makati City.
Four more firms were added to the growing list of companies that expressed their support for RCBC. These were San Miguel Corp., CLSA Exchange Capital Corp., All Asian Countertrade and Liwayway Group.
In separate letters sent to RCBC chairperson Helen Yuchengco-Dee San Miguel, CLSA, All Asian Countertrade and Liwayway have reassured their trust and confidence on RCBC banking system.
“We are confident that with the stable foundation with which RCBC was built on, and with the solid shareholders and strong leadership of its board of directors, the issue that the bank is now facing will make them even stronger and more committed to provide excellent service to clients such as the San Miguel group,” San Miguel treasurer and chief financial officer Ferdinand Constantino said in a statement.
“The long-standing partnership we have had with them is proof of the kind of quality and trusted service that we rely on in banking with RCBC,” he said.
CLSA Exchange chairman and chief executive Luis Juan Virata expressed the same support to RCBC.
“In my dealings with RCBC, I have been witness to the professionalism, stringent moral fiber and strict adherence to work ethics of this institution led by its chairperson Helen Dee and its president/CEO Lorenzo Tan. My trust and confidence in Helen, Lorenzo and the whole RCBC team is as strong as ever, and the strength of this institution will weather this unfortunate circumstance,” he said.
Carlos Chan of the Liwayway Group, meanwhile, assured RCBC of the company’s continued faith and support, saying that “the relationship between RCBC and the Liwayway Group dates back to June 2005 and in that more than a decade, we have been very satisfied with the service of the bank.”
“We are confident that RCBC will be able to withstand the controversy and take necessary actions against those accountable from within its ranks,” Chan said.
Michael Escaler, president of All Asian Countertrade Inc., reassured the company’s trust in RCBC.
“With our partnership, we wouldn’t be where we are today,” Escaler said.
Earlier, Andrew Tan of Megaworld, Manuel Villar Jr. of Vista Land, Injap Sia of Double Dragon and Liberato Laus of Laus Group of Companies vouched for RCBC’s integrity being long-time clients of the bank.