MANILA Reuters - The Philippine central bank said on Friday it will fine Rizal Commercial Banking Corp RCBC 1 billion pesos $21.33 million in relation to the Bangladesh Bank cyber heist.

The central bank said in a statement that it was the largest amount it has ever approved "as part of its supervisory enforcement actions" on a bank.

RCBC said separately that it will pay the fine over a one-year period.

RCBC was used as a conduit by cyber criminals to steal $81 million from the Bangladesh central bank's account at the Federal Reserve Bank of New York.

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