Rizal Commercial Banking Corp. (RCBC) reported a 12% increase in net income for the first quarter of 2026, reaching P2.7 billion, buoyed by core business expansion and reduced funding costs.
The Yuchengco-led bank announced on Tuesday that its net interest income rose 25% year-on-year to P15.4 billion, supported by sustained lending growth. Gross revenues climbed 16% to P17 billion, with consumer loans—particularly in auto, credit card, and housing segments—growing 27%.
Total deposits increased 9% to P1 trillion, while the current and savings account ratio stood at 50%. Deposit costs declined 29%, further boosting profitability.
RCBC credited digital platforms and data-driven acquisition strategies for driving growth in high-quality credit segments and strengthening its balance sheet.