, Japan

Two Japanese banks tie up with Philippines' RCBC

The move aims to bring more Japanese SMEs to the country.

Manila-based Rizal Commercial Banking Corp has forged a business alliance with Osaka-based Kansai Urban Banking Corp and Kobe-based Minato Bank in an effort to lure more Japanese small and medium enterprises to the country.

“These two banks are some of the best in the Osaka, Kansai area. Through them, we hope to bring more Japanese investors into the Philippines,” RCBC First vice president Yasuhiro Matsumoto said in a statement, adding that the bank is well-positioned to provide the banking requirements of foreign investors.

The move comes as the Bank of Fukuoka recently earlier tapped on BDO Unibank as its Philippine regional partner to facilitate businesses seeking expansion into the country. 

Also read: MUFG Bank consolidates branch operations to Manila

The Philippine Economic Zone Authority (PEZA) has pushed for partnerships with Japanese banks in hopes of attracting more companies from Japan to set up shop in the country’s economic zones. The PEZA currently has six partnership agreements with Japanese lenders including Mizuho Bank, Bank of Tokyo Mitsubishi, Sumitomo-Mitsui Banking Corp., Resona Bank, Ogahi-Kyoritsu Bank, and Tokyo Star Bank.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!