Rizal Commercial Banking Corporation (RCBC) is one of the largest universal banks in the Philippines, with total consolidated resources exceeding Ph 1.3 trillion as of June 2024[1][5]. Established on September 23, 1960, as Rizal Development Bank, it was later renamed Rizal Commercial Banking Corporation in 1963[1][3]. RCBC is majority-owned by the Yuchengco Group of Companies, a prominent conglomerate in Southeast Asia[1]. ### Key Features and Services: - Ownership and Structure: RCBC is part of the Yuchengco Group, with significant investors including the International Finance Corporation and Cathay Life Insurance Co., Ltd.[1]. - Services: Offers a wide range of financial products and services, including consumer, commercial, and corporate lending, deposits, cash management, treasury products, remittance services, and digital banking solutions[3][5]. - Digital Banking: Known for its innovative digital banking platform, RCBC launched DiskarTech, a pioneering financial inclusion app, and has been recognized for its digital banking services[5]. - Branch Network: As of June 2024, RCBC operates an extensive network of 458 branches and over 1,486 ATMs across the Philippines[5]. ### Recent Developments: - Tesla Financing Partnership: RCBC has been selected as a preferred financing partner for Tesla in the Philippines, offering fully digital loan applications[4]. - Awards and Recognition: RCBC has received numerous awards for its digital banking services and financial inclusion initiatives[5].