Rizal Commercial Banking Corporation (RCBC), one of the Philippines' largest financial institutions, has announced plans to raise an undisclosed amount through a new offering of fixed rate peso-denominated bonds.

This initiative was disclosed to the Philippine Stock Exchange and will be conducted under the bank's updated ₱200 billion Bond and Commercial Paper Programme.

The bank indicated that the funds generated from this bond offering will be utilized for various purposes, including supporting asset growth, refinancing maturing liabilities, and financing or refinancing new or existing sustainable projects, consistent with RCBC's Sustainable Finance Framework.

Under this Bond and Commercial Paper Programme, RCBC has the flexibility to offer, issue, and sell unsecured and unsubordinated peso-denominated bonds.

The specific terms of each issuance, including the amount, tenor, and interest rate, will be determined at a later date, subject to management approval and market conditions.

Since the inception of the Programme in 2019, RCBC has successfully raised a total of ₱86.8 billion, with the most recent offering completed in February 2022, amounting to ₱14.8 billion.

The bank has experienced significant growth in its operations, reporting an unaudited consolidated net income of ₱2.43 billion in the first quarter of 2025, a 10% increase compared to the same period last year.

RCBC's gross revenues reached ₱14.7 billion, reflecting a 20% growth, driven by a robust performance in its core banking business.

Net interest income rose to ₱12.3 billion, which is a 29% increase year-on-year, largely supported by a 12% improvement in the customer loan portfolio.

Consumer loans were a significant contributor to this growth, surging by 39%.

Credit card receivables played a pivotal role, with a 44% rise, bringing the total cards-in-force to 1.3 million.

Additionally, the bank reported strong performance in housing and auto loans, which increased by 24% and 45%, respectively.

Service fee income also saw a notable increase of 26% year-on-year, driven by higher credit card usage and an increase in loan transaction volume.

The bank improved its net interest margin to 4.2%, facilitated by the expansion of its higher-yielding consumer loan offerings.

According to RCBC President and CEO Eugene S. Acevedo, the bank's growing consumer portfolio has benefitted significantly from data science and analytics, enhancing customer acquisition in targeted segments and enabling tailored financial solutions.

As of March 2025, RCBC's total resources amounted to ₱1.3 trillion, representing a 9% increase compared to the previous year, largely attributed to the growth in its loan portfolio.

The bank's total deposits reached ₱972 billion, with a CASA-to-total deposits ratio of 50%.

RCBC reported a solid capital position of ₱160 billion, maintaining healthy capital ratios of 16.0% for the common equity tier 1 (CET1) ratio and 13.5% for the capital adequacy ratio (CAR).

RCBC operates through a total consolidated network of 469 branches, complemented by 1,468 automated teller machines and 5,855 ATM Go terminals, strategically positioned across the Philippines.