BusinessWorld Online
RCBC net income climbs 32% as consumer segment grows
Rizal Commercial Banking Corp. (RCBC) reported a 32 percent increase in its nine-month earnings, reaching P8.2 billion, primarily driven by significant loan growth.
The bank's net interest income saw a substantial surge of 32 percent, amounting to P40.8 billion during the January to September period.
Gross customer loans expanded by 13 percent, with notable increases in credit card and personal loans (up 38 percent) and auto and housing loans (up 29 percent).
RCBC also experienced a 25 percent rise in fee income, which reached P7.8 billion.
RCBC President and CEO Reggie Cariaso attributed the bank's sustained growth to a strategic approach focused on data-driven decisions, risk management, and inter-business collaboration, particularly in the consumer segment.
As of the end of September, RCBC's total assets were valued at P1.31 trillion.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
