Filinvest Land, Inc. acquired Cajel Realty Corporation from Rizal Commercial Banking Corporation for PHP 88.8 million.

Rizal Commercial Banking Corporation is a Philippines-based universal bank. The Company's segments include Retail, Corporate, Small and Medium Enterprises (SME), Treasury and Others. The Retail segment offers a wide range of consumer banking products and services. Products offered include individual customer's deposits, credit cards, home and mortgage loans, auto, personal and microfinance loans, overdraft facilities, payment remittances and foreign exchange transactions. The Corporate segment handles various customer segments, such as conglomerates, large corporations and emerging corporates, which focus on large middle accounts often referred to as the Next 500 Corporations, among others. The SME segment handles the financial needs of the country's small businesses or the SMEs and the commercial middle market segments. The Treasury segment principally provides money market, trading and treasury services, as well as the management of the Company's funding operations.