RIZAL COMMERCIAL Banking Corp. saw its net income rise by 71% to P12.1 billion in 2022 amid the improved performance of its core businesses.
“The credit card business recorded a faster-than-industry growth in billings and balances, while keeping NPL at its lowest in over a decade. Data science and analytics were instrumental in boosting customer acquisition and cross-selling to augment the bank’s foothold across key segments,” RCBC added.
RCBC’s total assets stood at P1.2 trillion at end-2022. It said this came on the back of a 23% increase in earning asset volume.Its capital adequacy ratio and common equity Tier 1 ratios stood at 15.29% and 12.33%, respectively.
Source: News Formal (newsformal.com)
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