MANILA - Rizal Commercial Banking Corp said Monday its unaudited consolidated net income surged 33 percent to P5.3 billion for the first 9 months of the year compared to the same period last year.

Customer loans grew 13 percent while low-cost CASA (Current Account Savings Accounts) deposits rose 30 percent, RCBC said in a disclosure to the stock exchange.

Its corporate loan portfolio grew 17 percent and its SME portfolio by 18 percent, the bank said.

RCBC said its ongoing digital transformation helped drive growth and improved cost-efficiency.

"We are excited to further bring fintech innovation across all product lines, as we see a rapid shift in the trajectory of financial services even beyond the pandemic," RCBC president and CEO Eugene Acevedo.

Aside from its traditional bank business, RCBC operates the mobile banking app RCBC DiskarTech.

• RCBC says DiskarTech app users 'more than doubled' daily deposits in January
• RCBC's DiskarTech to offer loans, launch app in Visayan to get more users

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