10 Questions
What type of banking service is provided by RCBC?
Retail Banking
Which of the following is NOT a business line of RCBC as mentioned in the text?
Venture Capital
What is the main feature of RCBC's mobile banking app according to the text?
Comprehensive features
How many branches does RCBC have as mentioned in the text?
462 branches
What innovative feature does RCBC offer through its ATM Go terminals?
Handheld ATM facility
Which service does RCBC provide to address financial inclusion as described in the text?
Microfinance
What sets RCBC's financial app apart according to the text?
'Finance app in Taglish and local languages'
How does RCBC contribute to bringing formal banking to rural communities?
Through the introduction of neighborhood ATMs
Which of the following is NOT a service offered by RCBC as mentioned in the text?
'Agricultural Loans'
What kind of banking facility does RCBC provide through its 2,911 ATMs?
All-in-one mobile banking services
Study Notes
RCBC Overview
- RCBC is the 5th largest privately-owned bank in the Philippines with over Php 1.2 trillion in total resources as of December 31, 2023.
- Incorporated in 1960, RCBC is a leading financial services provider with a market capitalization of PhP48.3B as of end-December 2022.
Mergers and Acquisitions
- RCBC Savings merged with RCBC in July 2019.
- Sumitomo Mitsui Banking Corporation (SMBC) acquired a 5% stake in RCBC in 2021.
- SMBC acquired an additional 15% stake in RCBC through a P27B capital infusion in 2023.
Awards and Recognition
- RCBC was named the Best Digital Bank in the Philippines by Asiamoney for the second consecutive year in 2021.
- RCBC garnered 54 awards in 2021.
- RCBC was a repeat winner of industry accolades in Digital and received recognition as Best Retail Bank, Best Corporate Bank, and Best SME Bank in the Philippines in 2022.
Financial Inclusion
- RCBC launched DiskarTech, a financial inclusion super app, in 2020.
- DiskarTech is the first finance app in Taglish and other local languages.
- RCBC's mobile banking app has the most comprehensive features.
Sustainability
- RCBC issued US$1.4 billion sustainable financing instruments.
- RCBC launched the country's first green time deposit.
- RCBC was the first local bank to publicly declare its commitment to cease funding for coal.
- RCBC adopted quantitative global climate risk analysis tools to address climate change in its loan portfolio.
Financial Performance
- Revenues grew by 24% year-on-year (YoY) as of December 2022.
- Net Income grew by 71% YoY as of December 2022.
- Loans grew by 4% YoY as of December 2022.
- Deposits grew by 27% YoY as of December 2022.
- Capital grew by 5% YoY as of December 2022.
Business Lines
- RCBC operates in several business lines, including Corporate Banking, SME Banking, Retail Banking, Consumer Loans, Credit Cards, Trust and Investments, Bancassurance, Foreign Exchange, Microfinance, Investment Banking, Leasing, and Securities Brokerage.
Branch and ATM Network
- RCBC has 462 branches and 2,911 ATMs.
- RCBC also has 1,352 ATMs and 1,559 ATM Go terminals, which enable banking transactions outside branches and ATMs, and through partner merchants.
Test your knowledge on the corporate milestones of RCBC, including mergers, awards received, acquisitions, and stake sales. Learn about the evolution of the bank and its achievements over the years.
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