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Article: RCBC Bankard's issuance soars by 201% in 2008.
- Article from:
- Philippines News Agency
- Article date:
- June 30, 2009
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MANILA, June 30 (PNA) -- RCBC Bankard, the credit card brand issued by Rizal Commercial Banking Corporation (RCBC) and managed by Bankard, Inc., reported Tuesday that its card issuance rate has soared by 201 percent for 2008 or 170,000 more than 57,000 issued in 2006.
It also added that the total number of cards currently in force stands at 407,000 last year, 32 percent higher than in 2007.
RCBC Bankard also gained more accounts under its name as its acquiring billings surged from P8.5 billion in 2006 to P12.1 billion in 2008, while its issuing billings rose from P7.5 billion to P11 billion.
Cardholders' reliance of the brand is evident as the ...