Yuchengco family’s Rizal Commercial Banking Corp. (RCBC) said Friday it posted a consolidated net income of P2.43 billion in the first quarter of 2025, up 10% year-on-year driven by continued growth across its core business.
In a stock exchange filing, RCBC said its gross revenue totaled P14.7 billion, up 20% led by consumer loans which grew by 39%—on the back of credit card receivables up 44% and cards-in-force reaching 13 million.
Housing and auto loans also surged by 24% and 45%, respectively, the bank said.
RCBC added that its service fee income sustained growth at 26% driven by credit card usage and loan transaction volume.
The lender said its total deposits stood at P972 billion with current account/savings account-to-total deposits ratio at 50%.
As of end-March 2025, RCBC has a total consolidated network of 469 branches, 1,468 automated teller machines (ATM), and 5,855 ATM Go terminals strategically located nationwide, according to figures released by the bank.
— VDV, GMA Integrated News
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RCBC posts 10% earnings growth in Q1 2025 to P2.43 billion
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