Rizal Commercial Banking

What Rizal Commercial Banking does

Rizal Commercial Banking Corporation (RCBC) is a publicly listed universal bank in the Philippines, headquartered in Makati City and operating under the Yuchengco Group with Sumitomo Mitsui Banking Corporation (SMBC) as a 24.46% strategic shareholder. Founded in 1960, RCBC is the 5th largest privately owned universal bank in the country with PHP 1.4 trillion in total assets (2025) and PHP 10.6 billion in net income. The bank serves retail, mass-affluent, HNWI (via Hexagon Club and RCBC Wealth), SME, corporate, and unbanked/underbanked segments across all 82 Philippine provinces through 458 branches, 1,460 ATMs, and 5,779 ATM Go agency terminals supported by Starlink connectivity.

RCBC's core technology stack centers on the RCBC Pulz mobile app and online banking platforms, complemented by the DiskarTech financial-inclusion super app (5.4 million downloads), agency-banking terminals, and integrations with GCash (cardless QR withdrawals), PalawanPay (PalaSave savings), SSS (digital microloans), Taptap Send and EzyRemit (remittances), Visa (Airmiles Signature card), Meridian (USD virtual accounts), and TrustDecision (AI fraud/AML). Products span deposits (savings, checking, time deposit, foreign currency, One Account), lending (home, auto, personal, corporate), credit cards, wealth management (UITF, trust, RCBC Wealth, Hexagon Club), and remittance services.

The bank monetizes primarily through net interest income (PHP 32%+ growth in 2025), service fees (+25%), credit card receivables (+32%), FX, and trust/wealth management fees. GTM combines relationship-led corporate and HNWI coverage, product-led growth through RCBC Pulz and online account opening, and community-led financial inclusion via ATM Go merchants and DiskarTech. Capital is supplemented through sustainability bond issuances (PHP 32.4B under a PHP 200B programme) and strategic equity from SMBC, while recent operational focus emphasizes digital transformation, AI-driven risk management, and ecosystem partnerships.

Name

Rizal Commercial Banking

Legal name

Rizal Commercial Banking Corporation

Website

https://www.rcbc.com

Company type

Public

Founded year

1960

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Rizal Commercial Banking Corporation is a publicly listed Philippine universal bank serving retail, corporate, HNWI, SME, and unbanked segments through 458 branches, 1,460 ATMs, 5,779 ATM Go terminals, and the RCBC Pulz and DiskarTech digital platforms, with SMBC as a 24.46% strategic shareholder.

Ownership category

akta.pro rank

Product category

Universal Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

Commercial Banks, Nec (6029)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), SME Cash Management & Payments (Merchant, ACH/Wires, Payroll) (FSABABAD), Credit Cards & Revolving Credit (FSABAAAC), Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Universal banking services
• Retail and corporate banking
• Digital banking platform
• Wealth management services
• Remittance and financial inclusion

Headquarters

HQ city

Makati

HQ country

Philippines

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Interest earned from lending products including home loans, auto loans, personal loans, corporate loans, and credit card receivables. Gross customer loans grew 7% and credit card receivables jumped 32% in 2025.
2. Service Fees and Charges: Fees from various banking services including account maintenance, transaction fees, and service charges. Service fees increased 25% in 2025.
3. Digital and Remittance Services: Fees from digital banking transactions, remittance services for overseas Filipinos, and international money transfers.
4. Wealth Management and Trust Services: Fees and income from UITF (Unit Investment Trust Funds), trust accounts, investment management accounts, and wealth management services.
5. Sustainability Bonds: RCBC secured PHP 32.4 billion through sustainability bond issuances under its PHP 200 billion Bond and Commercial Paper Programme.

Pricing tiers

Go-to-market motion4 records

Distribution channels10 records

Marketing channels8 records

Core offering

Rizal Commercial Banking Corporation operates as a universal bank in the Philippines offering deposit accounts, consumer and corporate loans, credit cards, wealth management, cash management, remittance services, and insurance products. Distribution spans 458 branches, 1,460 ATMs, and 5,779 ATM Go agency banking terminals across all 82 Philippine provinces, supplemented by digital platforms RCBC Pulz mobile app and DiskarTech super app.

Product overview

Rizal Commercial Banking Corporation (RCBC) operates as a multi-channel universal banking platform offering a comprehensive suite of banking and financial products through both traditional and digital channels. The core platform consists of RCBC Pulz mobile banking app for retail customers and RCBC Online Corporate for business clients, supported by 458 branches, 1,460 ATMs, and 5,779 ATM Go terminals across all 82 Philippine provinces. The product portfolio spans deposit products (Savings, Checking, Time Deposit, One Account, Foreign Currency), lending (Home Loans, Auto Loans, Personal Loans, Corporate Loans), credit cards including Airmiles Visa Signature, wealth management (UITF, Trust, RCBC Wealth, Hexagon Club), remittance services (RCBC Remit, Telemoney, Taptap Send partnership), and digital financial inclusion through DiskarTech super app and ATM Go agency banking. The bank also provides corporate banking services including cash management and specialized services like the Japan Desk. Recent product launches include AI-driven fraud prevention with TrustDecision, embedded insurance marketplace with Igloo, USD virtual accounts with Meridian, and cardless QR withdrawals for GCash integration.

Differentiator

Problem solved

Functional benefit

Brands

• RCBC Pulz: Digital mobile banking application for everyday transactions, foreign exchange, and account management
• DiskarTech
• ATM Go
• Hexagon Club
• RCBC Wealth
• RCBC One Account
• RCBC MyWallet
• RCBC Airmiles Visa Signature Card
• SSS Loan Lite
• PalaSave
• RCBC Pulz USD Hold-and-Convert

Products and services

• Savings Accounts Personal savings deposit accounts with multiple tier options including regular, high-interest, and specialized variants for different retail customer segments.
• Checking Accounts Current/checking accounts with check-writing capabilities and transaction flexibility for personal and business customers.
• Time Deposit Fixed-term deposit products offering competitive interest rates for guaranteed returns over specified periods.
• RCBC One Account All-in-one account combining savings, checking, and time deposit features with debit card, higher interest rates, zero maintaining balance, and bundled life, personal accident, and card insurance.
• Foreign Currency Accounts Foreign Currency Deposit Unit (FCDU) accounts enabling customers to hold, convert, and manage USD, EUR, JPY, HKD, and SGD, including FX Global account for online FX settlement.
• Home Loans Mortgage and housing loan products financing home purchases, construction, or improvements with flexible terms and competitive rates for retail customers.
• Auto Loans Vehicle financing products for new and used car purchases with fast approval process and flexible installment options for retail customers.
• Personal Loans Unsecured personal credit facilities for various financial needs including debt consolidation, home improvements, and major purchases.
• Corporate Loans Business financing solutions including working capital loans, term loans, and credit facilities for companies of all sizes.
• Corporate Savings Account Business deposit accounts for companies with competitive interest rates and comprehensive banking services.
• Corporate Checking Account Business current accounts enabling companies to manage day-to-day operations with check-writing and electronic banking capabilities.
• Cash Management Services Corporate cash management including receivables services, disbursement solutions, and Cash Cube machines for optimized payment and collection workflows; RCBC reported 25% growth in cash collections following deployment.
• RCBC Pulz Mobile Banking RCBC's primary mobile banking application enabling customers to perform everyday transactions including fund transfers, bill payments, account management, foreign exchange, and USD account services on iOS, Android, and Huawei.
• RCBC Online Corporate Business internet banking platform enabling corporate customers to manage accounts, process payments, and access treasury services online.
• RCBC ATM Go Agency banking model bringing essential banking services to underserved communities through local merchants offering cash withdrawals, deposits, fund transfers, and bill payments; achieved 100% nationwide coverage across all 82 Philippine provinces.
• DiskarTech Financial inclusion super app available in Tagalog and Cebuano, downloaded over 5.4 million times, providing digital banking access to remote areas and grassroots communities.
• RCBC Credit Cards Full suite of credit card products including regular cards and specialty cards with rewards, cashback, and travel benefits.
• RCBC Airmiles Visa Signature Card Premium travel-focused credit card offering 1:1 airline mileage conversion, unlimited global airport lounge access, and up to PHP 20 million travel insurance coverage.
• Unit Investment Trust Funds (UITF) Collective investment schemes offering diversified portfolios including peso money market, fixed income, equity, and multi-asset funds managed by RCBC Trust Corporation.
• Fixed Income Securities Government and corporate bond investments providing fixed returns with various maturities and risk profiles.
• RCBC Trust Corporation Wealth management and trust services including personal management trusts, investment management accounts (IMA), corporate trust, and estate planning services.
• RCBC Wealth Premium wealth management division serving high net worth individuals including specialized NextGen services for next-generation Filipino wealth holders; named Best Private Bank for NextGen Clients at Euromoney 2026.
• Hexagon Club Premium Banking Premium banking VIP services and exclusive perks for high-value customers including priority banking, privileged access, and personalized financial advisory.
• RCBC Remit International remittance services for overseas Filipinos enabling money transfers to the Philippines through various global corridors including US, UK, and Middle East via partnerships such as Taptap Send and EzyRemit.
• Corporate Trust Services Corporate fiduciary services including escrow services, mortgage trust indentures, facility/loan agency, and stock/transfer agency.
• Cardless QR Withdrawals for GCash Nationwide cardless QR withdrawal service allowing fully verified GCash users to generate QR codes and withdraw funds at RCBC ATMs without physical cards.
• RCBC Pulz App US Virtual Account US dollar virtual account enabling customers to receive domestic payments from US-based banks and convert to Philippine pesos without requiring US address or SSN, with monthly aggregate limit of $10,000.
• PalaSave Digital Savings Digital savings feature integrated into PalawanPay e-wallet, regulated by Bangko Sentral ng Pilipinas, offering 4% annual interest with zero maintaining balance targeting unbanked and underbanked populations.
• SSS Loan Lite Digital short-term credit programme in partnership with Social Security System enabling eligible SSS members to access loans up to PHP 20,000 via DiskarTech app.
• Embedded Insurance Marketplace (Igloo) In-app embedded insurance marketplace on RCBC Pulz platform in partnership with Igloo, utilizing AI for personalized insurance product matching to enhance financial inclusion.

Quantifiable outcome

• 11% increase in net profit to PHP 10.6 billion in 2025
• +5 more outcomes

Named customers3 records

Segments8 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability6 records

Feature10 records

Partnerships

14 partnerships are on record, tiered minor and core.

• Pantawid Pamilyang Pilipino Program (4Ps)minorGTM or Marketing Partner · 15 June 2026RCBC ATM Go serves as cash-out channel for government 4Ps beneficiaries, achieving 100% nationwide coverage across all Philippine provinces.
• EzyRemit WorldwidecoreStrategic or Co-development Partner · 19 May 2026Strategic MOU to optimize Philippines-Australia cross-border financial transactions, providing cost-efficient and real-time financial services for the global Filipino community through compliance-backed digital payment infrastructure.
• Social Security System (SSS)coreStrategic or Co-development Partner · 29 March 2026Partnership to launch SSS Loan Lite program enabling eligible SSS members to apply for short-term credit digitally through RCBC DiskarTech application, targeting financial inclusion for Filipino workers.
• Palawan Group of CompaniescoreStrategic or Co-development Partner · 26 March 2026Launch of PalaSave digital savings feature integrated into PalawanPay e-wallet, offering 4% annual interest rate with zero maintaining balance, targeting unbanked populations with goal of 1 million users and PHP 1 billion in savings within 12 months.
• VisacoreTechnology or Integration · 26 March 2026Partnership to launch RCBC Airmiles Visa Signature credit card with 1:1 airline mileage conversion, unlimited global airport lounge access, and travel insurance coverage up to PHP 20 million.
• StarlinkcoreTechnology or Integration · 20 February 2026Deployment of Starlink satellite internet connectivity across all 82 Philippine provinces to power ATM Go network in geographically isolated and disadvantaged areas (GIDAs) for financial inclusion.
• Meridian (U.S.-based payments provider)coreTechnology or Integration · 12 February 2026Partnership to launch USD hold-and-convert capability on RCBC Pulz app enabling users to hold U.S. dollars and convert to Philippine pesos in real time, targeting Filipino freelancers and virtual assistants.
• GCashcoreGTM or Marketing Partner · 11 February 2026Partnership to enable nationwide cardless QR withdrawals for GCash users across RCBC's entire ATM network, allowing fully verified users to withdraw funds without physical ATM cards.
• TrustDecisioncoreTechnology or Integration · 19 December 2025Partnership to launch AI-driven Fraud Risk Management and Anti-Money Laundering platform utilizing advanced analytics, machine learning, and artificial intelligence for enhanced risk assessment and fraud prevention.
• Digital Edge (Singapore) Holdings Pte. Ltd.coreTechnology or Integration · 9 December 2025Partnership for IT production site migration to NARRA1 data centre in Manila as part of RCBC's 2026 digital strategy to improve resilience and manage increasing digital transactions amidst growing AI and cloud adoption.
• Taptap SendcoreGTM or Marketing Partner · 25 November 2025Partnership to expand digital remittance services for overseas Filipinos across US, UK, and Middle East regions, aiming to add approximately 500,000 new clients to RCBC's remittance system.
• Social Security System (SSS)coreStrategic or Co-development Partner · 13 November 2025Digital microloan program at Singapore Fintech Festival allowing eligible SSS members to access loans up to PHP 20,000 via DiskarTech app with potential total loan volume of PHP 24 billion.
• MeridiancoreTechnology or Integration · 11 November 2025Partnership to launch RCBC Pulz App US Virtual Account enabling customers to open and manage US dollar virtual accounts without requiring US address, residency, or social security number. Monthly aggregate limit of $10,000.
• Visa, Digital Wallet Corp., Gmoney TranscoreGTM or Marketing Partner · 14 October 2025Partnerships to upgrade remittance services amid 34% year-on-year transaction growth, digitizing account opening for Filipinos in 42 countries through multiple corridors.

Scale indicators18 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Security Bank Corporation: Mid-tier Philippine universal bank with comparable scale to RCBC and similar mix of retail, SME, and corporate banking. Direct competitor in the middle-market segment and increasingly on digital retail banking.
• UnionBank of the Philippines: The most direct digital transformation peer in the Philippines — a tech-forward universal bank competing aggressively on mobile banking, API integrations, and embedded finance. Closely aligned with RCBC's Pulz and DiskarTech digital strategy and similarly targets unbanked segments through digital channels.
• China Banking Corporation (ChinaBank): Universal bank of comparable scale to RCBC with similar retail, SME, and corporate banking focus. Competes head-to-head in Philippine middle-market lending and deposit gathering.
• Philippine National Bank (PNB): Universal bank competing with RCBC in retail, corporate, and government banking with comparable geographic coverage across the Philippines. Similar universal banking license and product breadth.
• East West Banking Corporation: Philippine universal bank of similar mid-tier scale competing with RCBC in consumer loans, credit cards, and SME banking. Direct competitor particularly in auto loans and retail credit where both banks are active.

Broad incumbents

• BDO Unibank: The largest privately owned universal bank in the Philippines with the country's widest branch and deposit franchise. Directly comparable as a universal bank competitor with overlapping retail, SME, corporate, and wealth management offerings, but materially larger in scale than RCBC.
• Bank of the Philippine Islands (BPI): One of the oldest and largest Philippine universal banks with strong retail, corporate, and wealth management franchises. Directly comparable across RCBC's full product set, with similar geographic footprint and product breadth but greater scale and longer brand heritage.
• Metropolitan Bank and Trust Company (Metrobank): Top-tier Philippine universal bank competing head-to-head with RCBC in retail, corporate, and middle-market banking. Comparable product mix and customer segments, with comparable scale and similar focus on SME and consumer credit segments.

Emerging players

• Maya Bank: Digital-only Philippine bank owned by Voyager Innovations/PLDT, offering deposits, payments, and lending via the Maya app. Competes with RCBC Pulz and DiskarTech on digital-first unbanked acquisition and is a structural threat to traditional retail fee income.
• GCash (via CIMB Bank Philippines partnership): The dominant Philippine e-wallet (Mynt/Globe Fintech Innovations) which both partners with RCBC for cardless ATM withdrawals and competes via CIMB's digital banking license. A critical competitor/partner in the unbanked and mass-market segment where RCBC's DiskarTech and PalaSave also operate.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/askrcbc

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries10 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rizal Commercial Banking