RCBC posts ₱23.6 billion pre-provision operating profit for first nine months of 2026
The lender reported higher interest income and wider margins but kept loan growth measured, citing a tighter business environment.
Rizal Commercial Banking Corporation (RCBC) said its pre-provision operating profit rose 13.5 percent year on year to ₱23.6 billion in the first nine months of 2026, according to a report carried by Mindanao Times. The bank credited improved interest margins and stronger core banking performance.
After setting aside what it described as prudent credit provisions, RCBC reported an unaudited consolidated net income of ₱5.0 billion for the period.
Consolidated gross income climbed 9.0 percent to ₱51.0 billion, driven by a 15.2 percent increase in net interest income to ₱47.1 billion. Net interest margin widened by 37 basis points to 5.05 percent, which the bank attributed to steady asset yields and lower funding costs. Total resources grew 8.2 percent to ₱1.42 trillion, while deposits reached ₱1.07 trillion.
Citing continuing macroeconomic challenges, RCBC said it kept a cautious stance on lending, favouring tighter underwriting and selective loans to protect portfolio quality. Gross customer loans rose 6.3 percent to ₱812.5 billion.
The bank said it serves 7 million customers and 1.6 million credit cardholders. It expanded its partnership with the Social Security System through the MySSS Card, integrated with its DiskarTech app, and through electronic contribution channels via BancNet EGov. As of September 30, 2026, RCBC had deployed 9,663 QR Cash kits for cardless withdrawals and operated 7,095 physical and digital cash terminals, including 1,534 traditional ATMs and 5,561 ATM Go community units, along with 473 branches and branch-lite units.
Its cost-to-income ratio improved by 181 basis points to 53.76 percent. The bank reported a capital adequacy ratio of 13.18 percent and a Common Equity Tier 1 ratio of 12.30 percent, both above regulatory minimums.
RCBC president and chief executive officer Reginaldo B. Cariaso said the bank aims to grow responsibly, adding that "by strengthening our payments capabilities and expanding partnerships, we are creating more ways to serve our customers."
The bank also said it has received 34 awards in 2026, including citations from Euromoney and Statista.
This article was written by the DavaoNews desk with AI assistance, using reporting by Mindanao Times. Facts come from the original report, which we credit and link below. Our editorial policy
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