SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jul 14, 2023

2. SEC Identification Number

17514

3. BIR Tax Identification No.

000-599-760-000

4. Exact name of issuer as specified in its charter

RIZAL COMMERCIAL BANKING CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

6819 Ayala cor. Gil J. Puyat Ave., Makati City Postal Code 0727

8. Issuer's telephone number, including area code

8894-9000

9. Former name or former address, if changed since last report

Not Applicable

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	2,037,478,896

11. Indicate the item numbers reported herein

-

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Rizal Commercial Banking CorporationRCB

PSE Disclosure Form 16-1- Update on Corporate Actions/
Material Transactions/Agreements References: SRC Rule 17 (SEC Form 17-C) and
Section 16 of the Revised Disclosure Rules

Subject of the Disclosure
Update on Material Transactions part of disclosure posted on March 28, 2023
Background/Description of the Disclosure
Update on Material Transactions part of disclosure posted on March 28, 2023 The following are the additional details of the sale and transfer to Filinvest Land, Inc. (“FLI”) of shares held by the Bank in Niyog Property Holdings, Inc. (“NPHI”) and Cajel Realty Corporation (“CRC”) as determined and finalized by the parties: a. Date of disposition: July 14, 2023 b. Price per share: NPHI - PhP 391.42 CRC - PhP148.68 c. Nature and amount of consideration given or received: NPHI - Total purchase price equivalent to Five Hundred Forty Four Million Four Hundred Forty Thousand Pesos (PhP 544,440,000.00) CRC - Total purchase price equivalent to Eighty Eight Million Eight Hundred Eighteen Thousand Pesos (PhP 88,818,000.00) d. Terms of payment: NPHI - Thirty Percent (30%) downpayment to be paid on closing date via MC, and the seventy percent (70%) remaining balance to be paid in five years thereafter with interest rate equivalent to 5-year BVAL rate plus spread CRC - Thirty Percent (30%) downpayment to be paid on closing date via MC, and the seventy percent (70%) remaining balance to be paid in five years thereafter with interest rate equivalent to 5-year BVAL rate plus spread
Other Relevant Information
Please see attached.