For 65 years, RCBC has been a steadfast partner to progress. RCBC is and has always been a force for nation-building, financing infrastructures, renewable energy, and other transformative projects to empower industries and connect communities. Banking, when purposeful, can help build a stronger and more sustainable future.
“Our most important asset will always be trust. It’s the foundational principle for all banks. For 65 years, RCBC has earned the confidence and trust of millions of Filipinos by standing with them through challenges and triumphs,” President and CEO Reggie B. Cariaso said. “It is this trust that allows RCBC to turn bold ambitions into concrete progress,” he added.
RCBC has financed multiple infrastructure projects throughout the years, financing more than 100 kilometers of toll roads and bridges that are vital for connecting communities. More recently, the bank broadened its focus to digital infrastructures which include data centers and telco towers to support the booming digital economy.
As the first local bank to publicly announce that it would stop funding coal power plants, RCBC has shifted its energy portfolio towards renewables which includes extensive solar power installations, large-scale wind farms, hydroelectric projects, and other clean energy alternatives. To date, RCBC has financed over 3 gigawatts (GW) of projects with another 3GW of renewable energy capacity in the pipeline, which it hopes to integrate into its portfolio within the next three years.
RCBC’s sustainability bonds have historically been met with strong support from the capital market. Earlier this year, the bank issued new bonds in both offshore and onshore markets, raising USD 350 million in January and PHP 12.2 billion in July. These latest issuances brought the total amount of sustainable financing instruments issued since 2019 to over USD 1B and over PhP 64B, deployed to over 19,000 sustainable projects nationwide.
Leveraging on the bank’s strong presence in the country’s economic zones, RCBC has partnered with the Philippine Economic Zone Authority (PEZA) to help promote the Philippines as an investment site for foreign companies which intend to expand and relocate operations in the country. It is to also enhance collaboration in investment facilitation, financial services, and strategic projects to strengthen the country’s position as a key player in the regional economy.
“Our journey is far from over,” said Cariaso. “RCBC remains committed to delivering value to our customers and our country through innovative financial products and solutions and channeling capital into sectors that support sustainable growth – renewable energy, resilient infrastructures, and industries with diverse enterprises that create lasting value for the communities they serve.”
“By aligning our strategies with national priorities and global sustainability standards, we are committed to driving progress that is inclusive, responsible, and built for the long term,” Cariaso added.
