RCBC names microfinance expert

MANILA, Philippines - The Rizal Commercial and Banking Corp. (RCBC) had named Ma. Lourdes Jocelyn S. Pineda as head of its microfinance operations.  She will take on the role as senior vice president of the bank and will be seconded as president of Merchants Bank effective this month. 

Pineda’s appointment comes close after RCBC’s recent acquisition of the JP Laurel Rural Bank in Batangas, which will also be used it primarily for its entry to the microfinance business.

Pineda brings with her 14 years of experience in the microfinance business, involving design and set-up of microfinance loan operation, product development, and training of lending officers in individual lending methodology.

She has worked with the Accion International/Accion Technical Advisors India as principal microfinance advisor/senior director; and with Chemonics International/Microenterprise Access to Banking Services (a US AID project) as regional manager and coordinator from 2005 to 2007.