The Yuchengco family’s Rizal Commercial Banking Corp. (RCBC) booked P5.3 billion in net income for the first half of 2025, up 20 percent year-on-year, driven by strong lending and a rebound in margins.
The Yuchengco family-led Rizal Commercial Banking Corp. has appointed Carlos G. Dominguez, former finance secretary and seasoned public and private sector executive, as an independent director effective July 28, 2025.
RCBC’s expanding role in retail lending strengthens its position as a key player in personal finance and mobility for Filipinos. The growth also aligns with broader industry trends in real estate and vehicle sales, particularly the rise of electric vehicle demand.
The billionaire Yuchengo family-led Rizal Commercial Banking Corp. is targeting to raise at least P3 billion from peso-denominated sustainability bonds, with the offer opening on June 25 and the listing set for July 17, 2025.
Yuchengco family-led Rizal Commercial Banking Corp. (RCBC) plans to tap the bond market again under its massive P200-billion bond and commercial paper program.
“We have grown our consumer loan portfolio at blistering speeds, surpassing industry,” RCBC president and CEO Eugene Acevedo said. “This complements our portfolio strategy while ensuring strong engagement with our customer base as their primary bank.”
Spending on toys, electronics, clothing, and department stores is expected to significantly contribute to the increase, alongside higher expenditures on travel, groceries, and restaurants as families and friends gather for celebrations.
Bangladesh Bank accuses the defendants of participating in the theft and transferring stolen money into casino accounts in the Philippines. The motion highlights a lack of response from certain defendants, including money changer Philrem and dismissed bank officials Maia Deguito and Angela Ruth Torres.