Washington D.C., April 1st, 2021- Rizal Commercial Banking Corporation (RCBC) joins the SME Finance Forum as the newest member of our global membership network. Our members are SME Financing experts from 80+ countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation.
“40 percent of small and medium businesses worldwide struggle to get access to the credit and capital that they need to grow their enterprises. We are delighted to welcome Rizal Commercial Banking Corporation (RCBC) to our network of over 220 member institutions who are working to eliminate the finance gap for SMEs,” said Matthew Gamser, CEO of the SME Finance Forum.
As one of the Philippines’ trusted commercial banks, RCBC provides integrated financial services for their SME customers through innovative products and a highly motivated team. RCBC has garnered numerous accolades from respectable award-giving bodies both locally and internationally in recognition of the Bank’s digital transformation. SME Banking has been one of the Bank’s strengths, acclaimed as well in the past years for its financial inclusion efforts that focused on the provincial areas or championed female-owned corporates, as well as for its small business loans initiatives that simplified the onboarding process through a credit scoring system.
“Our vision is to be top of mind in SME banking in the Philippines. Joining SME Finance Forum would provide us an opportunity for privileged access to SME data analysis, industrial performance benchmark, and various special events, which will be a stepping stone for us to achieve our goal. We also look forward to collaborating with peer institutions and exploring new ways towards digital acceleration within our organization, at the same time to being at the forefront in helping SMEs transform digitally,” said Maria Angela V. Tinio, SME Banking Group Head of RCBC.
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative.
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
The Rizal Commercial Banking Corporation (RCBC) is majority-owned by the Yuchengco Group of Companies (YGC), one of the oldest and largest conglomerates in Southeast Asia, covering over 60 businesses. Since its establishment in 1960, RCBC has been a pillar of the banking industry, providing a wide range of financial services to its customers through its retail and investment bank, microfinance unit, foreign exchange brokerage house, leasing company, and overseas remittance tie-ups. In 2019, RCBC merged with its thrift unit, RCBC Savings Bank, which resulted in a larger asset base and stronger financial standing.
Read more info at https://www.rcbc.com/