Rizal Commercial Banking Corporation


Digital Banking Service of the Year – Philippines 2022 –

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 444 branches and 2,492 ATMs and ATM Go units as of end-March 2022. 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 in 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 citations from various institutions and publications such as World Finance (Best Banking Group in the Philippines), and AI Global Awards (Best in Private Banking). The Bank has also been recognized for its recent digital efforts for inclusive and accessible digital banking during this pandemic such as Alpha Southeast Asia (Best Digital Bank in the Philippines), The Global

Economics Awards (2020 Most Innovative Internet Banking Services Provider), Asiamoney (Best Digital Bank in the Philippines), Asia Pacific Enterprise Awards (2020 Most Inspirational Brand-Financial Services Industry), Asia IOT Business Platform Award (2020 Enterprise Innovation), and International Innovation Awards (Best Digital Inclusion Initiative – Service & Solution). RCBC also received recognition from international award-giving bodies for taking the lead in financing some of the country’s major infrastructure projects from the Asset Triple A and Benchmark Awards, and the Asian Banking and Finance (ABF) Corporate and Investment Banking Awards.