Rizal Commercial Banking Corporation (RCBC), the country’s fastest-growing and leading digital challenger bank, secured two prestigious awards at The Enterprise Epoch Awards, which aims to identify, honor, and elevate organizations and leaders who demonstrate excellence in their respective fields.
The bank was honored as the “Bank of the Year,” while its chief executive officer and president Eugene Acevedo received the title of “CEO of the Year.”
RCBC’s recognition stemmed from its outstanding performance in creating socially relevant and impactful digital banking solutions at scale. With a remarkable 100 percent nationwide coverage across 82 provinces, RCBC emerged as the fastest-growing bank, climbing to fifth among the top private banks in terms of assets, up from eighth place in 2019. Notably, RCBC played a pivotal role in the government’s initiatives for digital payments and financial inclusion, as outlined in the Digital Payments Transformation Roadmap and the National Strategy for Financial Inclusion by the Bangko Sentral ng Pilipinas.
Acevedo’s leadership was instrumental in RCBC’s transformation from a traditional brick-and-mortar bank to a pioneer in digital solutions and financial inclusion efforts targeting underserved and unbanked Filipinos. Additionally, under Acevedo’s guidance, RCBC has spearheaded sustainability initiatives, notably becoming the first Philippine bank to publicly announce divestment from coal-powered projects and expanding its portfolio of sustainable investments.
