RCBC reports 32% profit surge as it gears up for new bond issuance

A bold bond strategy fuels RCBC's ascent in Philippine banking. With profits soaring and sustainability at its core, what's next for this financial powerhouse?

, and Administrator

2026 February 8 . 1:26 PM

1 min read

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RCBC reports 32% profit surge as it gears up for new bond issuance

Rizal Commercial Banking Corporation (RCBC) has reported a 32% rise in nine-month profits, reaching PHP 8.18 billion. The growth comes as the bank prepares to launch a new fundraising round under its expanded bond programme.

RCBC's profits climbed in the third quarter, driven by stronger attributable net income. The bank has also been active in debt markets, securing USD 350 million through five-year sustainability bonds in January 2025, priced at 5.375%. In July 2025, it raised another PHP 12.21 billion via ASEAN Sustainability Bonds.

The bank's bond programme was doubled to PHP 200 billion in 2022, up from PHP 100 billion in 2019. So far, RCBC has issued approximately PHP 99 billion under this programme. Proceeds will fund asset growth, refinance liabilities, and support general corporate needs, with a focus on sustainable projects under its Sustainable Finance Framework.

RCBC plans to announce the timetable for its next fundraising tranche soon. The final terms—including amount, tenor, and interest rate—will depend on market conditions. This expansion has helped the bank climb from 8th to 6th in total assets among Philippine banks, reaching PHP 1.3 trillion by the end of 2025, supported by 15% annual loan growth and capital market gains.

The upcoming issuance will include bonds and commercial papers, further strengthening RCBC's financial position.

The bank's latest profit growth and fundraising efforts reflect its strategy to expand assets while supporting sustainability initiatives. With its bond programme now at PHP 200 billion, RCBC is positioning itself for continued growth in the Philippine banking sector.