Philippines report 2019

RCBC strengthens partnership with Japan

SYNERGY MEDIA SPECIALISTS

Driven by the country’s sound macroeconomic fundamentals and growth prospects, particularly in infrastructure, the Philippines continues to rank among the best countries to invest in. This has led to a growing interest from foreign companies, specifically Japan, to invest in the country.

Among the conglomerates that have taken the opportunities is the Yuchengco-led Rizal Commercial Banking Corporation (RCBC). The bank has recently formed partnerships with three Japanese banks: two from the Kansai Mirai Financial Group, Inc. under Resona Holdings Inc., namely the Osaka-based Kansai Urban Banking Corp. and the Kobe-based Minato Bank; and Shoko Chukin Bank, a Japanese government institution that supports small and midsized enterprises (SME).

These deals seek to encourage and support Japanese businesses, especially SME, to invest in ecozones in the Philippines, particularly in the financial, retail and infrastructure sectors.

This partnership likewise opens better prospects for Philippine companies who wish to do business with Japan — a win-win for the economies of both countries.

RCBC has had a long and solid relationship with the Japanese market since 1974.

This alliance is in line with the bank’s mandate to extend its robust and innovative products and services by way of fostering and strengthening both local and global partnerships, all solidifying its role in improving Filipino lives.

For more information, visit www.rcbc.com or contact the Japanese Business Relationship Office at +632 894 9000 local 1433.