Rizal Commercial Banking Corp. (RCBC) and Bank of East Asia have signed a deal agreeing to business cooperation between the two banks. The Memorandum of Understanding will allow RCBC to service BEA clients in Philippines, and BEA will reciprocate for RCBC customers in China and Hong Kong.

The two way partnership will allow RCBC's Filipino clients to access services such as Chinese Yuan and other currency funding in their areas of operation.