Global Dominion, RCBC Capital extend financing to the Unbanked & Underbanked

April 12, 2024

In the photo (L-R): Arsenio Kenneth M. Ona (RCAP President & CEO), Ruben Y. Lugtu II (Global Dominion Chairman), Robert B. Jordan Jr. (Global Dominion CEO), Eugene S. Acevedo (RCBC President & CEO and RCAP Director), Patricia Poco-Palacios (Global Dominion President & Managing Director), Nicole Lugtu Ugarte (Global Dominion Director), and Yvonne S. Yuchengco (RCAP Chairperson)

RCBC Capital (RCAP) and Global Dominion have been partners since August 2019. Both organizations aim to service the financial needs of people and organizations unable to tap the banks for their funding requirements and leave a positive impact on society through financing.

RCAP communicated its appreciation to its partnership with Global Dominion and consider it their own way of contributing to the improvement of financial inclusion of the unbanked Filipinos. “RCBC Capital, together with our parent RCBC, is very supportive of the business of Global Dominion and we see this partnership growing stronger in the years to come.  We expect to be there as they continue to grow and expand their business,” RCBC Capital President & CEO Arsenio Kenneth Ona shared.

What started in 2019 was renewed in October 2020, amidst the COVID-19 pandemic and even expanded in May 2022. "We share the same vision, and our values are aligned; it was no surprise that our partnership with RCBC Capital has only been growing stronger since we started," Global Dominion President & Managing Director Patricia Poco-Palacios said.

"We continue to ignite and accelerate growth in people and organizations through strategic partnerships like what we have right now with RCBC Capital," Global Dominion CFO Jeric Cornejo shared. "Collaboration is a great driving force to further improve financial inclusion and transform lives for the better," Cornejo added. To date, the partnership between RCAP and Global Dominion continues to evolve and cater to the needs of many Filipinos when it comes to car and truck financing, car and truck refinancing, doctors' loan, and real-estate mortgage loan.

“We want to thank Global Dominion for being a catalyst for RCBC Capital and its clients to be able to reach out and help our countrymen. We are honored to be of service, and we will cheer you on as you continue to be an instrument that helps uplift the lives of the ordinary Filipinos,” Ona stated closing his interview.

RCBC Capital Corporation (RCBC Capital) is one of the leading domestic investment banks in the Philippines and has over 50 years’ experience in investment banking and financial consultancy services including issue management/arrangement and underwriting of equity, quasi-equity and debt securities, loan syndications and financial advisory. It is a wholly owned subsidiary and is the investment banking arm of Rizal Commercial Banking Corporation (RCBC), one of the largest universal banks in the Philippines with total consolidated resources of over Php 1.2 trillion as of December 31, 2023.

Global Dominion has been one of the leading financial services providers to various sectors including professionals, business owners, and executives, offering tailor-fit cash loans and financial services through its branches nationwide and online channels.

About the Author

Paolo Lesaca