• RCBC to open more SME satellite offices


    The strong growth of the small and medium enterprises (SME) sector made an official of Rizal Commercial Banking Corp. (RCBC) bullish on the bank’s SME business expansion.

    In a briefing on Friday, Maria Angela Tinio, RCBC senior vice president for the Commercial and SME Banking Segment, said they target to grow about 20 percent to 30 percent this year, as in the past years, to be able to increase the segment’s share in the bank’s total loan portfolio (TLP).

    “This growth target is aligned with the general direction of the bank for the SME business to account to 20 percent of total bank loans in the next two years from the current share of about 12 percent,” she said.

    The bank’s commercial and SME segment was established in 2002 to consolidate loans for the small borrowers.

    It currently have about 14 lending centers around the country, four of which are in Metro Manila, and about the same number of satellite offices.

    Tinio said the lending centers and satellite offices are located inside RCBC branches.

    She disclosed their plan to further increase the number of satellite offices in the provinces due to higher demand in these areas.

    Share of SME loans from Metro Manila is about 60 percent of total SME loans while the balance of 40 percent are accounted for by those from the provinces, she said.

    “But things have changed and the numbers have reversed,” she said.

    Thus, the need to open additional satellite offices in cities like Dumaguete and Butuan, she pointed out.

    Tinio said loans extended to SMEs has an average amount of P10 million to P20 million and most of these are in Metro Manila since loans from the provinces mostly amount to P1 million and below.

    She said the SME segment has about P25 billion loan portfolio and are mostly extended to firms involved in wholesale and retail trade and construction among others.



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