This article contains content that banco de oro forex written like an advertisement. It is one of the largest universal banks in the Philippines with total consolidated resources of Php 516.
Merchants Savings and Loan Association, Inc. In 1964, RCBC marked a significant presence in the Filipino-Chinese business community with the opening of its first branch in Binondo. In 1967, this foothold was strengthened when Ambassador Alfonso T. In 1973, Chairman Yuchengco deemed it crucial to invite two international banks to raise the level of banking expertise of RCBC in trade financing, international banking, credit control, and systems and procedure to global standards. These were the Continental Illinois National Bank and Trust Co. The period marked the rapid branch expansion for the Bank.
While most of its peers were establishing branches within Metro Manila, RCBC pursued branch expansion in key growth areas like the export processing zones. This enabled the bank to tap and forge long-term relationships with the foreign locators especially those in the semiconductor industry. Anticipating bigger things to come, RCBC successfully listed its shares in the Philippine Stock Exchange in 1986. The following year, RCBC diversified into the retail market with the introduction of private banking, home mortgage, car financing and the RCBC Credit Card. The establishment of the RCBC’s thrift bank arm – the RCBC Savings Bank in 1996 was an indication of RCBC’s strategic thrust of becoming a major player in the retail market.