July 30, 2016 11:49 PM ET

Banks

Company Overview of United Coconut Planters Bank

Company Overview

United Coconut Planters Bank offers financial products and services to corporations, private and government institutions, middle market companies, small and medium-sized businesses, and individuals. It provides commercial banking services. Additionally, the bank offers consumer finance, commercial credit, corporate and investment banking, trust banking, domestic and international trade finance, treasury and money market investment, cash management, and deposit services. The bank also provides telephone and Internet banking services. United Coconut Planters Bank was founded in 1963 and is based in Makati City, Philippines.

UCPB Corporate Offices

7907 Makati Avenue

Makati City,  

Philippines

Founded in 1963

Phone:

63 2 811 9000

Fax:

63 2 811 9119

Key Executives for United Coconut Planters Bank

Chief Executive Officer, President and Director
Age: 69
Chief Financial Officer, Head of Support Services Group and Executive Vice President
Head of Operations Group and Executive Vice President
Age: 68
President of UCPB Savings Bank
Executive Vice President and Head of Information and Technology Methods Group
Compensation as of Fiscal Year 2016.

United Coconut Planters Bank Key Developments

United Coconut Planters Bank Reports Earnings Results for the First Quarter of 2016

United Coconut Planters Bank reported earnings results for the first quarter of 2016. For the quarter, net income surged to PHP 929 million, driven by double-digit growth seen in both its deposits and loan portfolio. Consumer loans were funded by deposits which went up by 14% or PHP 28.6 billion, bulk of which came from current and savings account (CASA) which grew by 16% or PHP 23.6 billion. As a result, the bank posted a 16% growth in its net interest income, supplemented by a 17% growth in non-interest income due to a 30% increase in trading gains.

United Coconut Stake To Be Sold

The Government plans to sell its stake in United Coconut Planters Bank. UCPB Chief Finance Officer and Executive Vice-President Cesar A. Rubio said the bank intends to operate as a universal bank once transferred to private ownership, bring into focus the need to transfer small-scale lending to another financial institution.

United Coconut Planters Bank Reports Consolidated Earnings Results for the Nine Months Ended September 2015

United Coconut Planters Bank reported consolidated earnings results for the nine months ended September 2015. For the period, the company has posted PHP 1.99 billion in earnings, up 9% from the PHP 1.83 billion posted during the same period the previous year. Its consumer loans rose by 30% to PHP 39 billion from year-ago levels on the back of a positive economic environment - characterized by increased consumer spending, low inflation rates and market liquidity. It posted an 8% overall loan growth. The company also posted a 15% growth in trading income to PHP 695.14 million from the year-ago level. Net income dip by 11% last year, posting a PHP 3.14 billion consolidated net income from PHP 3.54 billion in 2013.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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