Rizal Commercial Banking Corp Company Profile
Rizal Commercial Banking Corporation provides a range of banking and financial products and services in the Philippines and internationally. It operates through Retail, Corporate, Small and Medium Enterprises, Treasury, and Others segments. The company accepts savings and checking accounts, time deposits, and foreign currency deposits. It also offers housing, auto, microfinance, and personal loans; trade finance and treasury services; short-term revolving facilities, such as credit, accounts receivable, bills purchased, and check purchase lines, as well as floor stock financing services; letters of credit, trust receipt, and shipping guarantee services; export advance loan/line, export bills purchased line, standby letters of credit, and bank guarantee services; and long-term non-revolving facility services. In addition, the company provides debit, credit, and prepaid cards; insurance products; unit investment trust funds, fixed income securities, custodianship, and personal trust and investment management services; and escrow, wealth and cash management, mortgage trust indenture, facility/loan agency, stock/transfer agency, receivable and disbursement, and remittance services, as well as mobile, and internet banking services. Further, it is involved in investment banking, leasing, stock brokering, and financial and property leasing activities. Additionally, the company offers financial/investment advice, retirement planning, and estate planning services. As of December 31, 2021, it operated through a network of 428 branches; 1,245 automated teller machines; and 6 extension offices. The company was formerly known as Rizal Development Bank and changed its name to Rizal Commercial Banking Corporation in January 1963. Rizal Commercial Banking Corporation was incorporated in 1960 and is based in Makati City, the Philippines.