Company Name: Rizal Commercial Banking Corporation
Company Owner: Alfonso T. Yuchengco
Company Address: Yuchengco Tower, RCBC Plaza 6819 Ayala Avenue, Makati City 0727 Philippines
Official Contact #: +632 877
Company Website: https://www.rcbc.com/
Company Facebook: https://www.facebook.com/RCBCGroup
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Product/Services: Banking Services
Corporate Social Responsibility
RCBC pursued its corporate social responsibility initiatives in the areas of environmental care, education, and community development in 2013.
Environmental Care
The bank has been exerting efforts to promote environmental care in the past years together with other YGC conglomerates with its Earth Care project, a tree planting drive in Tanay, Rizal. This year, together with the members of the Samahan ng mga Magsasaka ng San Andres (SAMASAI) and other YGC group members, the bank signed a memorandum of agreement for the maintenance of the 40-hectare tree planting site. This is to ensure that the seedlings planted in the previous years will be cultivated and protected by the farmers in the area. In line with this, the bank joined the first ocular inspection in December 2013, wherein the YGC Earth Care project team responded positively during the checking of the growth and maintenance of the tree planting sites. In pursuit of promoting environment-friendly facilities, RCBC had the first ever container van banking office in the country when its subsidiary, Rizal Microbank, opened its first Micro Banking Office (MBO) in Lipa City, made out of recycled container vans. The MBO's construction only amounted to approximately P 2.3 million, including all office facilities and security requirements compared to the usual P 4-6 million cost of a regular branch, thus ensuring cost-efficiency.
Educational Campaign
As part of the Buhay Rizal Values Campaign, which aims to revive nationalism and instill the Filipino values reflected in the life of our national hero Dr. Jose Rizal, RCBC Savings Bank donated over 800 copies of Noli Me Tangere books to students of Navotas National High School this year. This project is also targeted to develop the potential of the youth in education and values formation. Since YGC launched the book donation initiative in 2008, it has donated nearly 50,000 copies of Noli Me Tangere, helping thousands of students from various public high schools across the country.
Entrepreneurship and Livelihood Projects
RCBC's aim to support micro-entrepreneurs in the country is starting to bear fruit not only for the bank but also for its clients. A Rizal Microbank client became one of 2013's Citi Microentrepreneurship Awardee for her company's significant contribution to community development efforts in Mindanao. After receiving a microfinance loan from Rizal Microbank only a few months back, the client was able to build a multi-million peso business, employing dozens of employees spread across 25 branches in Mindanao. Her achievements truly underscore the bank's commitment and pride supporting small business owners that make a significant contribution to the community's sustainable development.
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