RCBC targets growth with workforce shift as women hit 65% of staff
Rizal Commercial Banking Corp. (RCBC) is pivoting toward a more female-centric workforce as the lender seeks to cement its position among the Philippines’ top private banks. Women now constitute 65 percent of the bank’s total headcount, a figure that significantly outpaces the 35 percent represented by men and underscores a broader shift in the leadership dynamics of the Manila-based institution.
The demographic breakdown at RCBC, led by Chairperson Helen Yuchengco Dee, reflects a trend across its operations ranging from retail banking and frontline services to high-level executive management. This concentration of female talent is being framed by the bank not merely as a diversity metric, but as a strategic pillar for its next phase of expansion in a competitive regional market.
Rowena F. Subido, RCBC’s head of human resources, said the bank’s current workforce composition is the result of internal systems designed to recognize talent irrespective of gender. According to Subido, the bank is actively investing in mentorship and leadership development programs to ensure that this majority demographic has a clear path to senior decision-making roles. The goal is to create an environment where women can lead the bank’s future initiatives, she said.
As the fifth-largest privately owned bank in the Philippines, RCBC is navigating an era of digital transformation and heightening competition from both traditional lenders and fintech startups. The bank, a key unit of the Yuchengco Group of Companies, provides a spectrum of financial services including corporate, retail, and investment banking, as well as wealth management. Its reliance on female leadership comes as the institution looks to scale its nationwide branch network and enhance its digital platforms to reach a broader segment of the Filipino population.
The bank’s leadership argues that fostering an inclusive workplace is essential to its long-term stability and performance. Internal initiatives currently focus on building talent pipelines that allow employees to transition from operational roles into strategic positions. These efforts include continuous learning opportunities and professional growth tracks intended to prepare the workforce for the complexities of modern financial services.
Subido noted that by investing in systems that support such development, RCBC is empowering its employees to contribute more effectively to the bank's strategic priorities. These priorities include expanding customer reach and strengthening digital capabilities to maintain its market standing. For RCBC, the focus remains on maintaining a culture where professional growth is accessible, ensuring the institution remains resilient as it adapts to the evolving economic landscape of the Philippines.