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Central Bank of the Philippines
» RCBC Savings Bank |
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RCBC
Savings Bank |
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RCBC Savings Bank is a wholly
owned subsidiary of one of the country's top universal banks, Rizal
Commercial Banking Corporation (RCBC). RCBC Savings Bank was incorporated on
the 15th day of January, 1996 to provide retail banking services to its
target clientele and serve as the consumer and retail banking arm of RCBC.
RCBC Savings Bank formally started its thrift banking operations on the 27th
day of February, 1996. It grew extensively in just over a year, from a lean
one-branch organization with a seven-man skeletal force to an institution
with a network of six branches supported by 106 full-time personnel in 1997.
In September 1998, RCBC Savings Bank acquired selected assets and assumed
deposit liabilities of Capitol Development Bank. As a result of the
strategic alliance, the Bank further widened the reach of its branch network
and became the 2nd largest thrift bank in the country with 117 branches.
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To boost the Bank’s growth
and support the direction to further advance its move to redefine its
position in the Thrift Bank industry, shareholders of the Bank infused more
capital in terms of issuance of new shares of stock in early 2004 and 2005. |
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RCBC Savings Bank
Category : Thrift Banks
SWIFT Code : RCSBPHM1
Address :
18/F Tektite Bldg
West Tower, Ortigas Center
Pasig City
0727 Philippines
Telephone : (63) 2 555-8700
Website : www.rcbcsavings.com |
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RCBC Savings Bank upholds its direction to
rationalize and expand their business center network, along with RCBC, in
order to utilize its branch network effectively, maximize its reach and
serve a wider client base. Today, it continues to provide seasoned banking
products and hone its financial capabilities to preserve the niche it has
carved in the domestic banking market.
RCBC Savings Bank is a member of the Yuchengco
Group of Companies (YGC), composed of major players in all three aspects
of Integrated Financial Services – banking, insurance and investment.
YGC’s core members include the Rizal Commercial Banking Corporation,
Malayan Group of Companies, Great Pacific Life Insurance Group of
Companies and House of Investments. All of which gear towards one vision –
to be known as an Integrated Financial Services group of companies – its
members working for the people it serves.
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