Rizal Commercial Banking Corporation (RCBC) | Accountability Console
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Rizal Commercial Banking Corporation (RCBC)

Sectors

Energy

Description:

Projects in this Sector: 222

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Financing

Description:

Projects in this Sector: 15

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Infrastructure

Description:

Projects in this Sector: 550

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Other

Description:

Projects in this Sector: 246

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Issues Raised

Biodiversity

Description:

Projects with this Issue Raised: 127

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Community health and safety

Description:

Projects with this Issue Raised: 336

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Consultation and disclosure

Description:

Projects with this Issue Raised: 495

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Displacement (physical and/or economic)

Description:

Projects with this Issue Raised: 440

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Due diligence

Description:

Projects with this Issue Raised: 456

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Environmental

Description:

Projects with this Issue Raised: 366

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Indigenous peoples

Description:

Projects with this Issue Raised: 85

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Livelihoods

Description:

Projects with this Issue Raised: 319

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Pollution

Description:

Projects with this Issue Raised: 219

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Project Information

Investment ID: 30235; 32853; 34115; 37489

Bank: IFC/MIGA

Environmental Category: FI

Country: Philippines

Region: East Asia and the Pacific

Approval Date: None

Investment Types: Equity, Financial intermediary, Other

Total Project Cost: No recorded data on this

Total Complaints: 1

Description

IFC has four active investments in Rizal Commercial Banking Corporation (RCBC) consisting of two equity investments (up to $49 million and $100 million, respectively), one loan ($30 million), and one bond (up to $75 million). According to IFC, RCBC is one of the largest universal banks in the Philippines, providing a wide range of banking and other financial products and services, including commercial and retail banking, credit cards, asset management, and treasury and investment banking products and services. IFCs investments aim at supporting RCBCs growth in the areas of microfinance, small and medium-sized enterprises, and retail banking, as part of IFCs strategy to support the Philippine financial markets through investments in local financial institutions that play a key role in providing access to finance to underserved sectors.

Investments

Related Complaints

Implementers

Name Complaints Dispute Resolutions DR Successful Compliance Reviews Non-Compliance
Rizal Commercial Banking Corporation (RCBC)