Best SME Bank in the Philippines - RCBC
The winning bank solidified its position with robust financial performance in small and medium-sized enterprise (SME) business. The bank's gross revenue from SME business achieved a double-digit compound annual growth rate (CAGR) since 2019. The bank’s market share for outstanding SME balances increased to more than 20%, up from 16% in the previous year. SME loan assets also saw a double-digit growth, primarily attributable to smart acquisition of new accounts via focused target leads and increased footprint in the regions, with incremental count and volume even exceeding the pre-pandemic levels.
For expanding its footprint by bringing a full suite of solutions to SME customers. The Best SME Bank in the Philippines is Rizal Commercial Banking Corporation (RCBC).
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