RCBC credit line for AFP coop members
RCBC president and CEO Eugene Acevedo (right) and AFPFC MPC chair Edilberto Carniyan sealing the accord.
RCBC credit line for AFP coop members
(The Philippine Star) - March 3, 2020 - 12:00am

MANILA, Philippines — The Armed Forces of the Philippines Finance Center Multipurpose Cooperative has partnered with Rizal Commercial Banking Corp. for a credit facility to help provide financial services to its members and their families.

AFPFC MPC is a primary multipurpose cooperative engaged in thrift and savings mobilization and credit services with over 32,000 members consisting of officers, enlisted personnel, civilian employees and pensioners.

“Through this partnership with RCBC, we will help our members to achieve their dreams such as putting up some small businesses, build their houses, or simply provide for their families,” AFPFC MPC chairman Edilberto Carniyan said.

RCBC’s loan book grew 11 percent to P425 billion last year and its diversified portfolio focused on consumers as well as small and medium enterprises.

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