To expand its banking operations in Asia, in December 2014, CUB through its sister company and life insurance arm of Cathay Financial Holding, Cathay Life Insurance, acquired a 22% share (approximately US$179 million) of Philippines' Rizal Commercial Banking Corp (RCBC).
In December 2014, to enhance its banking presence in Asia, CUB, through its sister company and life insurance division of Cathay Financial Holding, acquired a 22% share (approximately US$179 million) of the Philippines' Rizal Commercial Banking Corporation (RCBC).