MAKATI CITY, PHILIPPINES – The country’s fastest growing and leading digital challenger bank Rizal Commercial Banking Corporation (RCBC) clinched two recognitions as “Bank of the Year” and its Chief Executive Officer and President Eugene S. Acevedo as “CEO of the Year” from The Enterprise Epoch Awards.
RCBC was chosen for demonstrating its capability in creating socially-relevant and impactful digital banking solutions at scale, expanding its digital footprint with a 100% nationwide coverage across 82 provinces, and for being the fastest growing bank, leapfrogging to fifth in the list among the top private banks in terms of assets from eighth in 2019. At the heart of RCBC’s recent success is its strategic contribution in the government’s massive digital payments and financial inclusion campaign as embodied in the Digital Payments Transformation Roadmap and the National Strategy for Financial Inclusion by the Bangko Sentral ng Pilipinas.
Acevedo was also chosen as the “CEO of the Year” after leading RCBC’s massive transformation as a bank from being a purely brick-and-mortar bank to a trailblazer in offering digital solutions and financial inclusion engagements to underserved and unbanked Filipinos. Acevedo has also been managing the bank’s pivot towards sustainability, becoming the first Philippine bank to publicly announce divestment from coal-powered projects and to expand its offering of sustainable investments.
The Enterprise Epoch Award focuses on its mission to identify, honor, and elevate organizations and leaders in the industry, and support them in their endeavors in demonstrating and achieving enterprise excellence. The award-giving body is inclusive as it covers enterprises from all sizes and industries, and puts focus on corporate social responsibility, community engagement, and environmental stewardship. Candidates and winners go through a rigorous and objective process of judging by a panel composed of esteemed industry experts and visionaries from various industries globally.
RCBC has been growing its roster of awards and laurels since it embarked on a massive digital transformation journey at the height of the COVID-19 pandemic. Among its global and local recognitions include a four-peat award as the Philippines’ Best Bank for Digital by Asiamoney, the Eye on Innovation Award by Gartner, YouTube Challenger Award for its viral and out-of-the-box digital ad campaigns generating combined views of over 17 million, Grand Champion for Digital Payments and Financial Inclusion by the Bankers Institute of the Philippines, Number 1 in the Philippine Best Customer Service 2023 survey by the Philippine Daily Inquirer and global research firm Statista, and the top position in system uptime, as affirmed by a regional banks study conducted by Brankas.