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Rizal Commercial Banking Corporation
The logo of RCBC since 2017
Company type
Public
Traded as
PSE: RCB
Industry
Financial Services
Founded
Rizal, Philippines (September 23, 1960; 63 years ago (1960-09-23))
Headquarters
Makati, Philippines
Key people
Helen Yuchengco-Dee (Chairwoman)
Cesar Virata (Vice Chairman)
Eugene Acevedo (President and CEO) [1][2]
Services
Banking
Net income
₱12.1 billion[3] (2022)
Total assets
₱1.2 trillion[3](2022)
Owners
Yuchengco Group of Companies Cathay Financial Holdings International Finance Corporation SMBC
Parent
Yuchengco Group of Companies
Website
www.rcbc.com
The Rizal Commercial Banking Corporation (PSE: RCB), commonly known as RCBC (simplified Chinese: 中华银行; traditional Chinese: 中華銀行; pinyin: Zhōnghuá Yínháng; Pe̍h-ōe-jī: Tiong-hôa Gûn-hâng), is one of the largest universal banks in the Philippines with total consolidated resources of Ph₱ 1.2 trillion. It was established in 1960[4] as a development bank and is licensed by the Bangko Sentral ng Pilipinas (BSP) for both commercial and investment banking. It is currently headquartered at RCBC Plaza in Makati, Metro Manila.
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 which include the non-life insurance company, Malayan Insurance, a life insurance company joint venture with Sun Life Financial Philippines, SunLifeGREPA Financial, Inc.; the construction company EEI Corp.; educational institutions; and vehicle dealerships. Other significant investors of the bank include the World Bank's International Finance Corporation,[5][6] Cathay Life Insurance Co., Ltd.,[7][8] a wholly owned subsidiary of Cathay Financial Holding, Ltd., and SMBC. RCBC issues first US dollar sustainability bonds.[9][10] RCBC issues VISA, Mastercard, JCB, and UnionPay[11] credit cards through RCBC Bankard.[12]
An RCBC branch in Muntinlupa
^Charm, Neil. "Acevedo is new RCBC president, CEO". BusinessWorld. Retrieved September 22, 2019.
^Dumlao-Abadilla, Doris. "New RCBC CEO preaches the 10 'commandments'". Philippine Daily Inquirer. Retrieved September 22, 2019.
^ ab"RCBCAR". edge.pse.com.ph.
^"Japan's SMFG to buy 5% stake in Philippine bank RCBC". Nikkei Asia. Retrieved September 11, 2022.
^Torres, Ted P. "IFC acquires 6.7% stake in RCBC". The Philippine Star.
^Gatdula, Donnabelle L. "IFC completes equity investment in RCBC". The Philippine Star.
^Dumlao, Doris C. (January 28, 2015). "RCBC affirms buy-in deal with Taiwan's Cathay Life". Philippine Daily Inquirer.
^"Cathay Buys 20% Stake In RCBC". The Manila Times.
^"ESG Forum". www.theasset.com.
^Bajo, A. J. (September 6, 2019). "RCBC sustainability bonds gain strong reception". Daily Tribune.
^BrandRoom, INQUIRER net (October 12, 2021). "Innovative and secure payment solutions for a cashless Philippines". INQUIRER.net. Retrieved September 11, 2022.
^"Technology guides RCBC Bankard's strategy for new clients". South China Morning Post. June 13, 2019. Retrieved September 11, 2022.
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held at Philippine banks Banco de Oro (BDO), Metrobank and RizalCommercialBankingCorporation (RCBC). Philrem and RCBC were involved in the illicit transfer...
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