August 15, 2025 | 12:00am
MANILA, Philippines — Rizal Business Banking Corp. (RCBC) grew its web earnings by 20 % to P5.35 billion within the first half from P4.45 billion a 12 months in the past, pushed by stronger curiosity earnings and better fee-based earnings.
In a disclosure to the Philippine Inventory Change, the Yuchengco-led financial institution mentioned whole curiosity earnings climbed by 10.7 % year-on-year to P42.28 billion as lending exercise picked up and yields improved.
Loans and receivables accounted for the majority at P34.1 billion, 18 % increased than the P28.86 billion a 12 months in the past.
Web curiosity earnings after provisions rose by 23 % to P19.86 billion regardless of a near-doubling of impairment losses to P6.48 billion from P3.61 billion, reflecting prudent provisioning amid barely increased non-performing mortgage ranges. RCBC’s NPL ratio stood at 2.7 % in June, up from 2.4 % at end-2024.
Different working earnings rose by 17.6 % to P5.38 billion, lifted by service charges and commissions, although tempered by overseas alternate losses amounting to P3.11 billion.
Working bills elevated to P17.19 billion from P15.38 billion, pushed by increased worker advantages, occupancy prices and credit score card-related bills.
RCBC’s whole belongings reached P1.3 trillion as of end-June, with loans and receivables increasing to P763.93 billion. Deposits stood at P982.67 billion, down from P1.02 trillion in December, whereas its loans-to-deposit ratio improved to 75.6 % from 69.5 %.
The financial institution’s return on fairness improved to six.9 % from six %, whereas capital adequacy ratio remained sturdy at 16.2 %, nicely above regulatory minimal.
RCBC president and CEO Reginaldo Cariaso earlier mentioned that the financial institution is ramping up efforts to ship a sustainable double-digit return on fairness by 2026, pushed by strategic investments in individuals, know-how and buyer engagement.
“We undoubtedly wish to go double digit,” Cariaso mentioned.
“In all probability subsequent 12 months. We nonetheless have one other half of the 12 months. However I do assume that 2026 will see extra of our investments in individuals, know-how and partnerships begin to be evident,” he added.