Robinsons Bank once again wins as the “Fastest Growing Commercial Bank – Philippines 2020” in 6th Global Business Outlook Awards, securing a back-to-back win of a highly-coveted recognition.
Geared towards creating a more significant presence in the banking industry, RBank has maintained a sound financial performance since 2015 when bank president Elfren Antonio S. Sarte assumed leadership and Roadmap 2020 was rolled out.
RBank continues to make waves in the industry as the Bank’s profitability continues to be on the uptrend.
In 2019, RBank’s revenues grew by 28% over its 2018 performance, registering a total of PHP 8.1 billion, driven by a 17% expansion in its gross loan portfolio. RBank’s total net income in 2019 rose to PHP 719.4M, marking a 127% increase.
The 6th Global Business Outlook Awards recognizes the excellence shown by various companies from all around the world in both the private and public sectors, highlighting the innovation, creativity, and exceptional performance that they have shown.
Even with the challenges posed by the new normal, RBank remains committed to its customers with the continued enhancement of its products and services, embracing digitalization even more to respond with agility and swiftness to the changing needs of customers in the midst of the challenges.
As RBank chairman, Lance Gokongwei puts it, “We will navigate through these uncertain times and find new ways to deepen our relationship with you by providing services that will help strengthen your financial position”.
Expanding products and increasing visibility
Early last year, RBank launched the IPONsurance, an interest-bearing deposit account that comes with free life insurance. Its coverage extends up to four times the average daily balance (ADB). It is designed to provide Filipinos with better choices and a more comfortable and more affordable path towards a financially secure future.
Additionally, RBank also launched a co-branded product with Robinsons Retail Holdings Inc. (RRHI), the Robinsons Cashback Card. The Robinsons Cashback Card lets clients enjoy a shopping experience that’s more rewarding as they earn up to 3% cashback when they shop in RRHI affiliated stores, and up to 1% cashback on non-affiliated merchants.
RBank Sign Up – an irresistible convenience
Boasting an all-digital process of opening an account, RBank Sign Up requires only one government-issued ID, uses facial recognition and real-time ID detection for a hassle-free experience. Clients can also get their account details in minutes after completing the account opening process. All these done without ever having to visit a branch.
RBank Digital – online banking
Robinsons Bank is continuously enhancing RBank Digital—its online banking platform—to ensure a convenient home-banking experience for users. Aside from the regular transactions that online banking can do, such as fund transfers, balance inquiry, transaction history, bills payment, and more.
With the new upgrades in its online banking feature, users can now view their credit card transactions in real-time, and soon be able to transfer funds through a QR code and even enjoy the QR —a “QuickR” way to pay in participating stores online.