Robinsons Bank (RBank) — the financial services arm of the JG Summit Group of Companies, one of the largest conglomerates in the Philippines — is once again hailed as the “Fastest Growing Commercial Bank – Philippines 2020” in 6th Global Business Outlook Awards. This year’s honors secured the bank’s back-to-back win of a highly-coveted recognition.
The financial institution is geared towards creating a more significant presence in the banking industry. RBank has maintained a sound financial performance since the rollout of Roadmap 2020 in 2015 when President Elfren Antonio S. Sarte took over the bank’s leadership.
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% from 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 aims to recognize 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.
Expanding Products & 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
Are you ready to have your bank account in just minutes?
Boasting an all-digital process of opening an account, RBank Sign Up requires only one (1) 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 for 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.
Embracing an Award-Winning Year
Robinsons Bank received eight (08) awards for 2019 at both the international and local levels.
The Bank was recognized for its exemplary performance as a commercial bank, earning the titles “Best Commercial Bank in the Philippines 2019” from the International Banker and “Fastest Growing Commercial Bank – Philippines 2019” as awarded by the Global Business Outlook (GBO).
Additionally, in 2019, the Simple Savings Deposit Account was awarded as the Most Innovative Banking Product by the GBO and the Most Financially Inclusive Program by the Bank Marketing Association of the Philippines. The Robinsons Bank DOS Mastercard was also named as the Most Innovative Credit Card product by the GBO. RBank was also recognized by Visa to have the Highest Number of Contactless Transactions – Acquiring in 2019.
As January 2020 rolled in, the Robinsons Bank Treasury team received the “2019 Project of the Year” award for its Treasury IT Solutions Optics project. The award was given by Finastra, the third largest FinTech company in the world. Lastly, in February, Robinsons Bank’s Annual Report 2018 won a Silver Anvil in the 55th Anvil Awards.
The Future is Bright with RBank
For two consecutive years, Robinsons Bank was awarded the “Fastest Growing Commercial Bank – Philippines 2020” at the 6th Global Business Outlook Awards confirming the aggressive rise of RBank amidst industry challenges.
More so, it projects the trust and confidence of its depositors and investors in the bank and its commitment to service excellence.
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, in order to respond with agility and swiftness to the changing needs of the customers in the midst of the challenges.
According to RBank Chairman Lance Gokongwei, “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”.
Putting customers at the heart of every product, RBank continues to provide financial solutions that empower every Filipino to dream big for their future. At Robinsons Bank, we bring banking closer to you while bringing you closer to your dreams.