RCBC bags cash management award

MANILA, Philippines - Rizal Commercial Banking Corp. (RCBC) has received the Best Cash Management Bank in Philippines award from regional publication The Asian Banker. RCBC’s Global Transaction Services Group (GTS) bagged the award for providing innovative products to address the demands of supply and value chains of many industries that have been evolving and dynamic with its requirements. The Global Transaction Services Group offers a unique combination of cash management, trade finance and Internet banking solutions to corporate and SME clients to ensure that their financial operations are both efficient and cost effective. The solutions offered by GTS are based on the understanding of clients’ end-to-end business activities including supply chain solutions in order to capture the collections and payments transactions.  Since the inception of GTS, CASA from corporate clients increased 40 percent and over P1.8 billion of receivables financing transactions are booked through the Vendor Invoice Program (VIP).