RCBC Leasing and Finance Corporation

RCBC Leasing and Finance Corporation (RLFC) is a financial services company in the Philippines, operating as a subsidiary of the Rizal Commercial Banking Corporation (RCBC), a major universal bank. The company's history traces back to the establishment of First Malayan Leasing and Finance Corporation in 1982, which was a pioneer in the local leasing industry. In March 2012, RCBC acquired a controlling interest in the firm, which was subsequently renamed to align with its parent company. This acquisition was a strategic move by RCBC to integrate leasing products into its offerings, particularly for its small and medium enterprise (SME) clients.

RLFC operates under a quasi-banking license from the Bangko Sentral ng Pilipinas (BSP), allowing it to engage in deposit-taking activities in addition to its core leasing and financing business. The company provides a range of financial products to corporate, commercial, and consumer markets, including finance leases for capital expenditures and term loans secured by chattel or real estate mortgages. Its services are designed to offer benefits such as minimal cash outlay and capital preservation for its clients. For its operating lease business, which includes the rental of business machines, vehicles, and heavy equipment, RLFC utilizes its wholly-owned subsidiary, RCBC Rental Corporation, established in 2007.

The company is an integral part of the Yuchengco Group of Companies (YGC), a large and diversified conglomerate in Southeast Asia founded by Alfonso Yuchengco. This affiliation provides RLFC with significant network strength and stability. In a recent development in August 2025, Japan's Sumitomo Mitsui Finance and Leasing Company Limited (SMFL) entered an agreement to acquire a 30% stake in RLFC. This partnership is expected to combine SMFL's global expertise with RLFC's local operational network to capitalize on the Philippines' economic growth.

Keywords: financial leasing, equipment financing, term loans, corporate finance, asset leasing, vehicle financing, quasi-banking, operating lease, commercial loans, consumer loans, capital expenditure financing, chattel mortgage, real estate mortgage, SME financing, Yuchengco Group, RCBC subsidiary, Philippine leasing, equipment rental, business loans, corporate banking