ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
International relations

Philippines central bank fines RCBC over $81m Bangladesh heist

MANILA -- The Bangko Sentral ng Pilipinas, the country's central bank, has imposed a record 1 billion pesos ($21.3 million) fine against local group Rizal Commercial Banking (RCBC) for its involvement in the $81 million Bangladesh Bank heist in February.

RCBC told the local stock exchange it will pay half of the penalty immediately while the balance will be paid in a year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more