RCBC Savings Bank approved P200 million worth of loans in Cebu from January to September of this year.
This was according to RCBC Savings Bank P. del Rosario branch Business Center Manager Leah E. Perez, who said the bulk of the amount was in consumer loans, which cover housing, auto, and personal loans.
RCBC Savings Bank has eight branches in Cebu, spread out in the cities of Cebu, Mandaue, Lapu-Lapu, and Talisay.
Four of its branches—in Escario, Mandaue, Basak in Mandaue, and P. del Rosario, were simultaneously blessed during the weekend after being renovated.
The bank, which is the retail banking arm of the Yuchengco Group of Companies, spent P4 million for the P. del Rosario branch alone, according to Perez. This primarily covered the replacement of concrete walls with glass walls.
“We’re trying to promote a new façade. We want to go with the times since most of the banks have rebranded. We have to improve and we have to be competitive,” Perez told reporters.
The bank manager said adopting a more transparent office, with the glass doors, might not necessarily lead to an increase in the bank’s financial performance, but will improve clients’ satisfaction. “It matters to clients that they see improvements with their banks, because we are handling their money,” Perez quipped.
The newly-renovated branches also repositioned their counters, with bank front-liners immediately facing the door.
RCBC Savings has no immediate plans to open more branches in Cebu, according to Perez. However, expansions are ongoing in Mindanao.
In the first half of 2015, RCBC Savings Bank recorded double-digit growth. Its loan portfolio increased by 17 percent to P57 billion, still attributed to the robust consumer loans, particularly housing and auto loans.
As of June of this year, RCBC Savings Bank operated 150 branches and extension offices nationwide.