Rizal Commercial Banking (RCB) Q2 2025 earnings summary

Executive summary

• Net income for the first half of 2025 reached P5.3 billion, up 20.2% year-over-year, driven by higher net interest income and improved cost efficiency.

• Gross income rose 21.5% year-over-year, supported by strong consumer loan growth and digital initiatives.

• Digital loan availments accounted for 64% of unsecured loans, enhancing profitability and customer experience.

• Total assets stood at P1.3 trillion, with loans and receivables comprising 58.6% of total resources.

• Recognized as Best Bank for Digital by Euromoney for the sixth consecutive year.

Financial highlights

• Net interest income rose 33.4% year-over-year to P26.3 billion, representing 86.7% of total operating income.

• Total assets increased 3.5% to P1.3T; loans expanded 13.4% to P742B.

• Operating expenses rose 11.8%, while impairment losses surged 79.7% year-over-year to P6.5 billion.

• Cost-to-income ratio improved to 56.6% from 61.5% a year ago.

• Earnings per share (annualized) was PHP 4.14, up from PHP 3.29 year-over-year.

Outlook and guidance

• Philippine GDP growth forecast for 2025 is 5.5%-6.0%, with inflation expected to average 1.8%-2.3%.

• Policy rates are projected to decline, with BSP rate seen at 4.75%-5.00% by year-end.

• Peso expected to stabilize, with year-end USD/PHP at 56.50-57.50.

• The bank raised P12.2 billion in peso-denominated sustainability bonds in July 2025, supporting future lending and sustainability initiatives.