The Rizal Commercial Banking Corp. (RCBC) was named the Best Trade Finance Bank for the third consecutive year, and the Best Cash Management Bank for the second straight year. Know more:
The Rizal Commercial Banking Corp. was named the Best Trade Finance Bank for the third consecutive year, and the Best Cash Management Bank for the second straight year.
In considering RCBC as the best trade finance bank, GBAF recognized its strong financial performance over the last year. In 2022, RCBC saw a 35-percent year-on-year growth in fee-based revenue from trade services on the back of a 154-percent growth in trade payments. Meanwhile, RCBC was also recognized for the third time as the Best Cash Management Bank in the Philippines for its foresight and execution. The bank attributes this to its good mix of digital and traditional cash management services that cater to the unique business and regulatory environment where there is continued use of cash and checks.
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