RCBC reported a first‑semester net income of P4.11 billion, a figure dampened by increased loan loss buffers but bolstered by the resilience of its core operations.
The bank explained that credit impairment provisions were raised in response to heightened geopolitical uncertainties, yet its primary business segments continued to generate momentum.
President and CEO Reginaldo B. Cariaso highlighted the company’s strategy of reinforcing its balance sheet and pursuing measured portfolio growth to safeguard and expand the franchise amid a shifting macroeconomic landscape.
Gross income climbed 11.6% year‑on‑year to P33.91 billion, driven by an 18.2% rise in net interest income and a 5.1% net interest margin, attributed to strategic loan expansion and improved funding efficiency.
Cost discipline helped reduce the cost‑to‑income ratio to 53.6%, reflecting ongoing efficiency initiatives.
Customer loans increased 9% year‑on‑year to P806 billion, with the consumer book expanding 22% to P402.4 billion; data analytics and selective partnerships enabled targeted acquisition and prudent underwriting.
Total deposits reached P1.06 trillion, while total assets stood at P1.42 trillion and total capital at P150.84 billion, resulting in a capital adequacy ratio of 13.4%.
The bank operates 471 branches, 1,518 automated teller machines, and 5,086 ATM Go terminals across the country.
Shares closed at P23, up 10 centavos or 0.44%, on the day of the announcement.
