Robinsons Bank Corporation (RBank) is the financial services arm of the JG Summit Group of companies. RBank is one of the fastest growing commercial banks in the Philippines in terms of capitalization and asset size. As a full-service commercial bank, RBank has placed customers in the front and center of its business, delivering hallmark value, convenience and innovation through a wide array of solutions, products, and services — covering lending (corporate, consumer, mSMEs, and motorcycle), deposit-taking, foreign exchange, trust and investments, credit cards, cash management services, remittances, and bancassurance, and building lasting customer relationships along the way. Completing the spectrum of the RBank footprint across all market segments, RBank, through its subsidiary, Legazpi Savings Bank offers teachers loans, microfinance, and all other banking services of a savings bank.
In addition, new products and services were introduced in 2019.
We kicked off the year with a new partnership with JCB International Co., Ltd. for JCB merchant acquiring and card issuing business. With the relative advancements of electronic payment, RBank is geared up on offering flexible payment solutions to complement JCB’s product offerings. RBank and JCB inked an agreement that will allow acceptance of JCB-issued cards in our Point-of-Sale (POS) machines. By April, the Bank has reprogrammed its POS machines to start accepting JCB cards and by December, JCB was made available online through Cebu Pacific. This opens our business to millions of JCB cardholders worldwide.