Rizal Commercial Banking Corporation (RCBC) has kicked off 2025 with an impressive financial display, reporting a robust performance in the first quarter that saw its consolidated assets surge to an astounding ₱1.517 trillion.
This significant milestone, detailed in the bank’s latest filing with the Securities and Enhanced Commission (SEC), underscores RCBC’s continuous growth trajectory and solidifies its standing as a formidable player in the Philippine banking landscape.
The reported figures reveal a compelling quarter-on-quarter (QoQ) increase across both solo and consolidated asset bases. On a solo basis, the bank’s total assets climbed impressively to ₱1.509 trillion, a notable jump from the ₱1.452 trillion recorded in the preceding quarter.
This consistent upward momentum highlights the bank’s effective strategies in expanding its financial footprint and attracting greater economic activity.
Robust lending growth, strong deposit base bolster RCBC’s financial structure
A deeper dive into the asset composition shows healthy growth in the bank’s core lending business. Net loans and receivables reached ₱702.6 billion in the solo statement, reflecting RCBC’s continued commitment to supporting various sectors of the economy.
Consolidated figures for loans were even stronger, hitting ₱708.3 billion. Beyond traditional loans, the bank also reported a substantial ₱170.6 billion in financial assets at fair value through other comprehensive income (FVOCI), showcasing a diversified and strategically managed asset portfolio.
The bank maintained a strong cash position, with cash and due from Bangko Sentral ng Pilipinas and other banks totaling ₱73.5 billion, ensuring ample liquidity for its operations.
RCBC’s funding structure remains robust, with deposit liabilities standing at ₱971.9 billion on a solo basis. This strong deposit base underscores the public’s continued trust and confidence in the bank. While interbank loans payable were at ₱14.76 billion, other borrowings totaled ₱78.4 billion, complemented by ₱46.8 billion in outstanding bonds, indicating a diversified and stable funding mix.
Overall, total liabilities reached ₱1.349 trillion on a solo basis and ₱1.358 trillion on a consolidated basis, demonstrating prudent leverage management. The bank’s equity remained steady at approximately ₱159.9 billion, providing a strong foundation for its operations and future expansion initiatives.
Earlier this year, RCBC also partnered with fintech startup Cashmallow to offer cordless cash withdrawal service for its customers.
RCBC excels in capital, liquidity, and profitability amidst growth
Maintaining a solid capital adequacy position is paramount for any financial institution, and RCBC continues to excel in this regard. The bank reported a consolidated Common Equity Tier 1 (CET1) ratio of 13.47% and a robust Capital Adequacy Ratio (CAR) of 15.98%.
Both figures comfortably exceed regulatory requirements, signaling RCBC’s strong capacity to absorb potential losses and support continued growth. Furthermore, RCBC’s liquidity coverage remained exceptionally strong at 171.49%, far surpassing regulatory thresholds and emphasizing the bank’s ability to meet its short-term obligations even under challenging market conditions.
While the bank’s non-performing loan (NPL) ratios showed slight increases—gross NPLs rising to 4.32% (from 4.31%) and net NPLs reaching 2.45% — these upticks are marginal and reflective of the broader economic environment. Despite these minor shifts, RCBC demonstrated commendable operational efficiency, posting a healthy net interest margin of 4.13% and a return on equity of 6.04%.
These profitability metrics highlight the bank’s effective management of its interest-earning assets and overall financial performance. The disclosure also noted ₱880.27 billion in total contingent accounts, including ₱7.48 billion in guarantees issued, indicating the bank’s active role in facilitating various financial transactions and supporting client needs beyond direct lending.
RCBC’s Q1 2025 performance paints a clear picture of a bank that is not only growing its asset base but is doing so with strong capital, robust liquidity, and disciplined financial management. This momentum positions RCBC favorably to continue its trajectory of progress and contribute significantly to the economic vitality of the Philippines.