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October 05, 2015 5:24 AM ET


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,  


Founded in 1963


63 2 811 9000


63 2 811 9119

Key Executives for United Coconut Planters Bank

Chief Executive Officer, President and Director
Age: 68
Chief Financial Officer, Head of Support Services Group and Executive Vice President
Head of Operations Group and Executive Vice President
Age: 67
President of UCPB Savings Bank
Executive Vice President and Head of Information and Technology Methods Group
Compensation as of Fiscal Year 2015.

United Coconut Planters Bank Key Developments

PMO To Divest More Properties

The Privatization and Management Office (PMO) plans to divest more properties in the fourth quarter. The 13,000-square-meter Luzon Aggregates, Inc.'s property in Paranaque City is among the properties to be divested. Last week, Chief Privatization Officer Toni Angeli V. Coo told the Inquirer that the PMO would publish by October 2015 the list of properties to be privatized in the final quarter of 2015. The PMO will also endorse at this week's Privatization Council meeting the sale of Luzon Aggregates' two contiguous lots to a potential buyer, whose negotiated offer was on par with the PHP 268 million floor price set during the second bid attempt in May, 2015, he stated. 73.9 % stake in United Coconut Planters Bank (UCPB) is also expected to be sold, if the TRO is lifted, he stated.

United Coconut Planters Bank Reports Consolidated Earnings Results for the Six Months of 2015; Provides Earnings Guidance for the Year 2015

United Coconut Planters Bank reported consolidated earnings results for the six months of 2015. For the period, the company reported 7% increase in net income in the first six months of the year, as it saw sustained growth from its consumer lending business, fee-based income and trading gains. Net interest income rose 2% from a year ago, despite a 3% drop in its net loans receivable. For the year, the company expects profit forecast to rise to as high as PHP 3.5 billion this year from PHP 3.14 billion in 2014.

Privatization Body Plans More Asset Sales

The government is planning to sell more assets by next month following the suspension of the government's stake sale in United Coconut Planters Bank. PMO could publish bid invitations between the second week of August to early September.

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