Rizal Commercial Banking Corporation (RCBC)

In September 2011, CVC funds completed the acquisition of a 15% stake in Rizal Commercial Banking Corporation (RCBC).

RCBC was established in 1960, and is the number four universal bank in the Philippines in terms of assets and deposits and offers a range of commercial, retail and corporate banking products and services. As of 31 December 2014, the company had total assets of PHP458 billion (US$10.3 billion), total deposits of PHP316 billion (US$7.1 billion) and normalised net income of PHP4.4 billion (US$99 million).

The bank has more than 430 branches and over 1200 ATMs across the country, concentrated largely in the more densely populated Metro Manila and Luzon regions.

Year of investment

2011

Business

Commercial, retail and corporate banking products and services

Country

Philippines