Banking & Finance

Seasoned banker Lynette V. Ortiz was sworn in today as the new President and Chief Executive Officer of the Land Bank of the Philippines (LANDBANK) following her recent appointment by President Ferdinand R. Marcos, Jr. She brings with her over 30 years of extensive experience in local and international banking.  Ortiz formally took her oath as the 11th President and …

Rizal Commercial Banking Corp. (RCBC), through its credit card arm, RCBC Bankard Services Corporation turned over close to P3 million in donation to Gawad Kalinga (GK), a Philippine-based poverty alleviation and nation-building movement.  The donation was raised based on the full-year card usage of RCBC Diamond Platinum Mastercard cardholders. Through the Card’s built-in Diamond Cares Program, for every P100 spent using …

The Land Bank of the Philippines (LANDBANK) has granted the City Government of San Jose a P272-million loan for the construction of new public school buildings, towards providing accessible and quality education for San Joseños. The San Jose LGU will use the funding to build 18 new public school buildings, 15 of which are allotted for elementary schools, two for …

The Rizal Commercial Banking Corp. (RCBC) was named the Best Trade Finance Bank for the third consecutive year, and the Best Cash Management Bank for the second straight year. The recognition was declared at the Global Banking and Finance (GBAF) awards, organized by the United Kingdom-based Global Banking & Finance Review. The GBAF awards recognize the global financial community’s innovation, …

The 1000-Piso polymer banknote of the Bangko Sentral ng Pilipinas (BSP) won the International Banknote Society’s (IBNS) “Banknote of the Year Award” for 2022. The 1000-Piso polymer is the first Philippine banknote to win the award. It won over banknote finalists from Algeria, Barbados, Egypt, Northern Ireland, and Scotland. In announcing the award, the IBNS said: “The Philippines’ successful design …

The Land Bank of the Philippines (LANDBANK) recorded a net income of P10.8 billion in the first three months of 2023, buoyed by higher interest income and lower operating costs.  The three-month figure is P2 billion higher than its target for the first quarter and represents 30.8% of the Bank’s P35 billion income target by year-end.  The net income recorded …

Transactions on foreign investments registered with the BSP, through AABs, in March 2023 recorded net outflows of US$70 million, resulting from gross outflows of US$1.33 billion and gross inflows of US$1.26 billion. This is smaller compared to the net outflows recorded in February 2023 (US$531 million) and in March 2022 (US$305 million).  The US$1.26 billion registered investments for the month …

The Rizal Commercial Banking Corp. was named the “Best Retail Bank” at the prestigious RBI Asia Trailblazer Awards 2023 for the third consecutive year. The RBI Asia Trailblazers Awards recognizes best-in-class retail banking and consumer finance institutions and individuals for their innovative service offering and commitment to customer excellence. The 14th RBI Asia Trailblazers Awards was organized in collaboration with …

Sustainability is fundamental to a financial institution’s success.  It means being mindful of environmental and social (E&S) well-being in contributing to the economic growth of the country.  Recognizing this, the Rizal Commercial Banking Corp. (RCBC) has fully embraced sustainability in the Philippine banking industry, guided by the United Nations Sustainable Development Goals (SDGs). RCBC’s dedication to sustainability has not gone …

Sustainability has become an essential and crucial component of a financial institution’s success vis-à-vis the growth of the country it serves.  Recognizing this, the Rizal Commercial Banking Corp. (RCBC) has fully embraced sustainability in the Philippine banking industry. RCBC’s dedication to sustainability has not gone unnoticed. The bank was recently honored at The Asset ESG Corporate Awards 2022 held in …