Yuchengco Group confident of rebound from pandemic


    The Yuchengco Group of Companies (YGC) is confident it will end up stronger amid the challenges brought about by the coronavirus pandemic.

    The group noted its overall capacity toward recovery has been getting a big lift from its subsidiaries in banking, education, life and non-life insurance, renewable energy, pharmaceuticals, and property services as their operations stood strong even during the lockdowns.

    In particular, YGC’s flagship business Rizal Commercial Banking Corp. has started pushing innovative services to meet new normal demands in banking even beyond the pandemic, the conglomerate said.

    “Its inclusive DiskarTech app is the first in the country that is expected to make banking transactions simple and easy for the grassroots communities. It has likewise reengineered its banking processes to digital across all branches through its Branch of Today (BoT) project. Its mobile app has been enhanced, while an end-to-end online account opening facility is set to be launched soon,” YGC said.

    House of Investments (HI), a YGC publicly listed holding company, meanwhile continues to explore new opportunities that complement its core competencies.

    Lorenzo Tan, HI president, expressed confidence in the conglomerate’s performance as well as the economy’s capacity to bounce back from the ill effects of the pandemic.