RCBC Savings Bank Essay

I. SynopsisRCBC nest egg patois is a wholly owned subsidiary of one of the countrys top universal banks, Rizal Commercial trusting Corporation (RCBC). RCBC Savings deposit was bodied on the 15th day of January, 1996 to provide retail banking services to its localise clientele and serve as the consumer and retail banking arm of RCBC. RCBC Savings Bank formally started its thrift banking operations on the 27th day of February, 1996.It grew extensively in just over a year, from a lean one-branch presidency with a seven-man skeletal force to an institution with a network of sextette branches supported by 106 full-time personnel in 1997.In September 1998, RCBC Savings Bank acquired selected assets and assumed deposit liabilities of Capitol Development Bank. As a case of the strategic alliance, the Bank further widened the reach of its branch network and became the second largest thrift bank in the country with 117 branches.One of its branches is the RCBC Savings Bank La Paz in Il oilo City. It serves many Ilonggos in banking and financing services. Despite of its tight growing business, the Management paid no attention to some familiar control aspects of its branches. Like the La Paz Branch many complaints from guests regarding the efficiency and slow-moving service of the bank.The long queuing of the customers every time they do transactions to tellers is in reality a chore it decreases the goodwill of the company and much more the customer satisfaction. As we all know, the competition in banking industry is high and many banks are already here in Iloilo. How would the Management address this problem? What course of actions or solutions should the Management put in place to get through higher customer satisfaction? Is the company really into realizing its vision to be the most-sought-after by the consumer market when it comes to financial products and services?