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RCBC SAVING BANK 1st HALF GAIN UP 8%

RCBC Savings Bank, the consumer banking arm of RCBC, continues to be among the top four thrift banks in the country, with assets totaling P47.2B as of end-June 2010. It reported an increase of 8.0% in its unaudited net income for the first six months of the year from P434-Million to P469-Million.

RCBC Savings Bank is also one of the biggest lenders in the thrift banking industry, with a total loan portfolio of P30.2B as of end-June 2010. Its total deposits now amounts to P39.4B and total capital reaching P6.2B.

RCBC Savings Bank is currently taking its Life Style Expo around the archipelago to promote the products and services of the RCBC group as well as other YGC companies to further solidify its position in the thrift banking industry and to reach out to a wider market. The Life Style Expo showcases the financial products of RCBC Savings Bank, RCBC, RCBC Bankard, and Malayan Insurance. It also features select auto dealers and real estate developers making the Life Style Expo a one-stop-shop for people looking for services suitable to their unique financing needs.

RCBC Savings Bank just recently concluded the Cebu leg of the caravan and is gearing up to invade Davao during the Kadayaoan Festival on August 22 to 23 as well as Cagayan de Oro and Pampanga in September and October. Special financing rates are available to those who will avail of an RCBC Savings Bank loan during the Expo.

RCBC Savings now has 117 branches and a total of 126 ATMs nationwide. It is a fully owned subsidiary of the Rizal Commercial Banking Corporation and is a proud member of the YGC group of companies.