Rizal Commercial Banking Corporation · PSE:RCB
Rizal Commercial Banking — 1H 2026 Earnings Presentation
33 slides from Rizal Commercial Banking's earnings presentation, Aug 4, 2026
Slide 1: Disclaimer
Disclaimer ANY INVESTMENT DECISION TO PURCHASE SECURITIES IN THE CONTEXT OF A PROPOSED OFFERING, IF ANY, SHOULD BE MADE ON THE BASIS OF THE FINAL TERMS AND CONDITIONS OF THE SECURITIES AND THE INFORMATION CONTAINED IN THE OFFERING CIRCULAR PUBLISHED IN RELATION TO SUCH AN OFFERING AND NOT ON THE BAS
Slide 2: RCBC 1H 2026 Analyst Briefing
RCBC 1H 2026 Analyst Briefing August 04, 2026 Disclaimer: We may make forward-looking statements and refer to non-GAAP financial measures during the briefing. Forward-looking statements are based on management's current expectations and assumptions that are subject to risks and uncertainties. Factor
Slide 3: Macroeconomic Outlook
Macroeconomic Outlook Michael Ricafort Chief Economist
Slide 4: Market Forecasts and Catalyst for 2026
MARKET FORECASTS AND CATALYST FOR 2026 Key Market Catalysts: Philippine GDP Growth Estimates (2026 – 2027) Sustained Elevated Inflation until 2027 2026 2027 Multilateral Institutions Driven by elevated global oil and agriculture commodity Forecast Forecast 1 prices, inflation is projected to exceed
Slide 5: Market Forecasts and Catalyst for 2026
MARKET FORECASTS AND CATALYST FOR 2026 Philippine Economic Outlook US & Philippine Policy Rate Outlook 2024 2025 2026 3-Month 6-Month 1-Year Economic Indicators Economic Indicators Actual Actual Forecast Forecast Forecast Forecast 3.0%-4.0% BSP Policy Rate GDP Growth 5.6% 4.4% (vs. gov’t. target of
Slide 6: 1H 2026 Performance
1H 2026 Performance Chrissy P. Alvarez Corporate Planning Head
Slide 7: Building Strength Through Market Shifts
BUILDING STRENGTH THROUGH MARKET SHIFTS Underlying business momentum ₱1.4T ₱806B • Gross income increased 11.6% to ₱33.9B, driven by 18.2% increase in NII. Total Assets Gross Customer Loans • Net interest expense declined, supporting expansion in NIM to 5.1%. • Consumer loans grew 22%, consistent wi
Slide 8: Consolidated Financial Items
CONSOLIDATED FINANCIAL ITEMS Income Statement 1H 2026 1H 2025 Change YoY Financial Ratios 1H 2026 1H 2025 YoY Amounts in PhP Millions, except YoY Gross Income 33,910 30,377 3,533 11.6% PROFITABILITY ROE2 5.5% 6.9% (1.4%) Net Interest Income 31,136 26,341 4,795 18.2% ROA 0.6% 0.8% (0.2%) Fee Income 5
Slide 9: Core Earnings Continue to Deliver Growth
CORE EARNINGS CONTINUE TO DELIVER GROWTH Gross Revenue Quarterly Net Interest Income 4.6% 4.7% 4.8% 5.2% 5.1% YoY 33.9 30.4 2.8 11.6% 4.0 Revenues 2Q25 3Q25 4Q25 1Q26 2Q26 Net Interest Income Quarterly NIM (31%) Fee Income Other 31.1 Income 26.3 3.6% 5,578 Debit & Credit Cards YoY 18% Loans 3% Inves
Slide 10: Margin Performance Remains Above Prior-Year Level
MARGIN PERFORMANCE REMAINS ABOVE PRIOR-YEAR LEVEL Asset Yields 7.31% Cost of funds remained 58 bps below 2Q2025 despite modest QoQ increase Asset yield remained broadly stable at 7.31% throughout the period Cost of Funds The spread remained above last year, 2.36% despite modest sequential uptick 2Q2
Slide 11: Portfolio Growth Focused on Familiar Credits
PORTFOLIO GROWTH FOCUSED ON FAMILIAR CREDITS Gross Customer Loans Loan Mix 8% YoY Growth YoY 806 Consumer Loan Mix 743 22% 39% Consumer 37% Credit Card 402 3% 329 806B 50% 33% PL/SL Housing Loans Auto Loans (18%) 13% 25% SME 125 103 Consumer SME Corporate 4% 289 301 Corporate 1H25 1H26 Corporate SME
Slide 12: Creating Value Through Consumer Lending
CREATING VALUE THROUGH CONSUMER LENDING AUTO LOANS HOME LOANS CREDIT CARDS PERSONAL LOANS ₱23B 33% ₱16B 16% ₱1.57M 22% ₱13.6B 23% Loan Portfolio Loan Portfolio Cards in Portfolio Receivables Portfolio Bookings Growth Bookings Growth Force Growth Growth SECURED LENDING UNSECURED LENDING AUTO LOANS HO
Slide 13: Building a Path Towards Asset Quality Improvement
BUILDING A PATH TOWARDS ASSET QUALITY IMPROVEMENT CURRENT POSITION RISK MITIGATION ACTIONS EXPECTED OUTCOME Stricter Underwriting Gross NPL Ratio Gross NPL Ratio 5.5% ~100 Proactive portfolio management Fast Collections & Recoveries bps Elevated amid market conditions Early Risk Detection Progressiv
Slide 14: Deposit Momentum Gains Further Scale
DEPOSIT MOMENTUM GAINS FURTHER SCALE 1,061 1,023 1,025 957 982 857 672 e-Gov payments continued Double-digit jump in Bills collection brought to gain traction, with CashCube business at 69% 32% increase in transaction value rising YoY vs previous year transactions value YoY 536 538 538 519 to ₱106B
Slide 15: Capital Levels Still Above Regulatory Minimums
CAPITAL LEVELS STILL ABOVE REGULATORY MINIMUMS Capital Adequacy Ratio Common Equity Tier 1 Ratio 14.7% 16.2% 14.5% 13.4% 13.7% 13.5% 13.5% 12.5% BSP Min. CAR Ratio = 10% BSP Min. CET1 Ratio = 6% 2025-Jun 2025-Dec 2026-Jun 2023 2024 2025-Jun 2025-Dec 2026-Jun Tier 1 Capital Ratio Liquidity Profile 16
Slide 16: Digital Platforms Expanding Reach
DIGITAL PLATFORMS EXPANDING REACH 72% Total Transactions Volume 229% Gross Transactions Value 8% Total Transactions Value 18
Slide 17: Scaling Our Network Through Partnerships
SCALING OUR NETWORK THROUGH PARTNERSHIPS 5,000+ Partner Merchants 4,000+ Machines ₱102.2M Cash Deposits YTD Volume Higala-RCBC tie up powered by 23x Growth YoY onboards 8 rural bank to InstaPay 19
Slide 18: Enabling Cashless Transit Payments
ENABLING CASHLESS TRANSIT PAYMENTS Successful launch of LRT-2 POC with the DOTr 20
Slide 19: Advancing Sustainable Finance Commitments
ADVANCING SUSTAINABLE FINANCE COMMITMENTS RCBC Sustainable Loan Portfolio As of June 30, 2026 15% ₱20.5B 98B Employment Generation Socioeconomic 2% Affordable Housing ASEAN Sustainability Bonds Issued April 2026 Green Advancement and Empowerment 4% Access to 4% Essential Services 49% Renewable Energ
Slide 20: Awards and Recognition
Philippine’s Best Best Bank for Private Bank Sustainable Finance By Asian Banking and By Euromoney Finance Best Bank for Best Digital Bank Large Corporates Award By Euromoney By Euromoney 22
Slide 21: Additional Information
Additional Information Overview, Milestones & Ownership
Slide 22: Key Milestones in the RCBC Story
KEY MILESTONES IN THE RCBC STORY RCBC was incorporated and began Acquired 67% stake in Bankard Inc. Acquired First Malayan Leasing Launched DiskarTech, RCBC’s 1960 2000 2012 2020 financial inclusion super app operations in Rizal and Finance Corporation (now known as RCBC Leasing and Gained 17 awards
Slide 23: Investment Information
INVESTMENT INFORMATION Ownership Structure Market Data Particulars As of June 30, 2026 Ticker RCB Outstanding Shares 2,419,536,530 Public Float Stock Price 22.50 Pan Malayan Management Market Capitalization 54,439,571,925 14.2% and Investment Corp. (PMMIC) BV per share 62.36 32.9% Price-to-Book Valu
Slide 24: Comprehensive and Diversified Business Platform
COMPREHENSIVE AND DIVERSIFIED BUSINESS PLATFORM RCBC Leasing and RCBC Capital RCBC Forex Brokers RCBC Int’l. Finance RCBC Trust RCBC Microbank Finance Corporation Corporation Hong Kong Finance Corporation Investment Bank Forex Broker Microfinance Thrift Bank Corporation Company Trust Services 100% L
Slide 25: Appendix
Appendix
Slide 26: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Income Statement 1H 2026 1H 2025 Change YoY Amounts in PhP Millions, except YoY Interest Income 44,971 42,280 2,691 6.4% Interest Expense 13,835 15,939 (2,104) (13.2%) Net Interest Income 31,136 26,341 4,795 18.2% Other Income 2,774 4,036 (1,262) (31.3%) Trading Gains &
Slide 27: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Balance Sheet 1H2026 1H2025 Change YoY Amounts in PhP Millions, except YoY Cash/Due from BSP & Other Banks 88,179 116,842 (28,664) (24.5%) Investment Securities 428,585 388,794 39,790 (10.2%) FVTPL 15,288 11,417 3,871 33.9% FVOCI 147,414 125,091 22,323 17.8% Held to Maturi
Slide 28: Consolidated Financial Ratios
CONSOLIDATED FINANCIAL RATIOS Financial Ratios 1H2026 1H2025 Change Profitability ROE* 5.5% 6.9% (1.4%) ROA 0.6% 0.8% (0.2%) NIM 5.1% 4.6% 0.5% Cost Efficiency CIR 53.8% 56.6% (2.8%) Asset Quality Net NPL Ratio 3.2% 2.7% 0.5% NPL Coverage Ratio** 56.2% 56.7% (0.5%) Capital CAR 13.4% 16.2% (2.8%) CET
Slide 29: Historical Income Statement
HISTORICAL INCOME STATEMENT 2021 2022 2023 2024 2025 Interest Income 37.1 45.8 66.3 79.0 86.0 Interest Expense 8.3 14.6 32.7 36.6 29.9 Net Interest Income 28.8 31.2 33.6 42.4 56.1 Other Income 7.6 13.2 16.4 10.9 7.1 Trading Gains and Forex 1.0 1.5 0.4 (0.5) (5.5) Service Fees and Commissions 4.5 5.5
Slide 30: Historical Balance Sheet
HISTORICAL BALANCE SHEET 2021 2022 2023 2024 2025 Cash/Due from BSP/Due from Other banks 157 181 187 153 119 Investment Securities 219 374 363 429 375 FVTPL 6 7 12 10 13 FVOCI 50 115 82 159 108 Held to Maturity Investments 164 252 237 260 254 Loans (net of Interbank) 508 531 622 710 761 Other Assets
Slide 31: Historical Financial Ratio
HISTORICAL FINANCIAL RATIO 2021 2022 2023 2024 2025 Profitability ROE 6.7% 11.2% 9.5% 6.0% 6.6% ROA 0.8% 1.2% 1.1% 0.7% 0.8% NIM 4.1% 3.7% 3.4% 3.8% 4.7% Cost Efficiency CIR 61.9% 56.5% 59.2% 61.7% 55.3% Asset Quality Net NPL Ratio 3.3% 2.0% 1.3% 2.0% 2.8% NPL Coverage Ratio 63.7% 84.4% 89.6% 74.4%
Slide 32: RCBC fartners through
RCBC fartners through
Slide 33: For more information about RCBC, please contact Investor_Relations@rcbc.com
For more information about RCBC, please contact Investor_Relations@rcbc.com
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