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Rizal Commercial Banking Corporation
Bank in the Philippines / From Wikipedia, the free encyclopedia
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.
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![]() The logo of RCBC since 2017 | |
Company type | Public |
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PSE: RCB | |
Industry | Financial Services |
Founded | Rizal, Philippines (September 23, 1960; 63 years ago (1960-09-23)) |
Headquarters | Makati, Philippines |
Key people |
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Services | Banking |
₱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 |
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]
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