Rizal Commercial Banking Corp. (RCBC) reported a 20% jump in first-half net income to P5.35 billion, driven by wider interest margins and steady loan growth.
Net interest income surged 33% to P26.34 billion, lifting the net interest margin to 4.6% from 3.9%, as lending volumes increased to P763.93 billion.
The loans-to-deposit ratio improved to 75.6% from 69.5%, reflecting stronger deployment of assets.
The Yuchengco-led bank set aside P6.48 billion in provisions, nearly double last year’s P3.61 billion, amid a slight rise in its non-performing loan ratio to 2.7% from 2.4% at the end of 2024.
Fee-based income rose 37% to P5.38 billion, supported by service fees and commissions, although foreign exchange losses widened to P3.11 billion.
Total assets reached P1.3 trillion, while deposits stood at P982.67 billion.
The capital adequacy ratio remained robust at 16.2%, well above the regulatory minimum, while return on equity improved to 6.9% from 6.0%.
