Rizal Commercial Banking Corp. (RCBC) reported a 39 percent expansion in its consumer loan portfolio for the first quarter of 2025, driven by robust expansion in auto and housing loans.
The bank’s auto loans reached ₱69 billion, up ₱22 billion from last year, while housing loans climbed to nearly ₱109 billion. Lawyer Ramil De Villa, RCBC Consumer Lending Group head, attributed the surge to targeted partnerships and data-driven strategies that improved loan accessibility and user experience.
“Partnerships with major car brands and property developers, along with data-enabled cross-selling to affluent clients, helped accelerate growth,” said De Villa. Notably, collaboration with Suzuki tripled new auto loans, while a new tie-up with Nissan Philippines named RCBC as its preferred financing partner.
With the domestic auto market projected to sell over 512,000 units this year and rising interest in electric vehicles (EVs), RCBC is tapping into emerging trends like green mobility and regional expansion. De Villa noted that Filipinos are increasingly embracing EVs not only for cost efficiency but also sustainability, signaling a shift in lending demand.
As the fifth-largest bank in the country, RCBC is reinforcing its consumer lending footprint through enhanced digital platforms and new lending verticals aligned with evolving consumer needs.
This sustained lending growth underscores RCBC’s critical role in empowering Filipino consumers while supporting economic expansion through increased access to housing and mobility solutions.
