The Rizal Commercial Banking Corporation (RCBC) is majority-owned by the Yuchengco Group of Companies (YGC), one of the oldest and largest conglomerates in Southeast Asia covering over 60 businesses. It is among the largest private domestic banks in the country in terms of assets and has a network of over 480 branches and 1,500 ATMs (as of Nov 2019). Since its establishment in 1960, RCBC has been a pillar of the banking industry, providing a wide range of financial services to its customers through its retail and investment bank, microfinance unit, foreign exchange brokerage house, leasing company and overseas remittance tie-ups. In 2019, RCBC merged with its thrift unit, RCBC Savings Bank which resulted to a larger asset base and stronger financial standing.
The Bank in synergy with its YGC affiliates SunLife GREPA Financials (SLGFI) and Malayan Insurance Company, Inc. (MICO) also offers investment-linked life insurance products, auto, fire, personal accident, and other non-life insurance products.
RCBC is also committed to uplifting its customers’ lives through corporate social responsibility and environmental sustainability programs. Through the AY Foundation, RCBC is committed to helping rehabilitate calamity-stricken areas, at the same time it also supported projects on sustainable livelihood and the granting of educational scholarships to the youth. Recently, the Bank successfully raised PHP15 billion in Peso Bonds, the Philippines’ first green finance framework under the ASEAN Green Bond Standards.
A pioneer in financial services, RCBC has received numerous awards and citation from various institutions and publications such as World Finance (“Best Banking Group in the Philippines), and AI Global Awards (“Best in Private Banking). RCBC also received recognition from international award-giving bodies for taking the lead in financing some of the country’s major infrastructure projects such as the Asset Triple A and Benchmark Awards, and the Asian Banking and Finance (ABF) Corporate and Investment Banking Awards.