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March 29, 2015 6:49 AM 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: 67
Chief Financial Officer, Head of Support Services Group and Executive Vice President
Head of Operations Group and Executive Vice President
Age: 66
President of UCPB Savings Bank
Executive Vice President and Head of Information and Technology Methods Group
Compensation as of Fiscal Year 2014.

United Coconut Planters Bank Key Developments

Government Likely To Sell Stake In UCPB

The Government’s stake, currently held by the Presidential Commission on Good Government could proceed with the sale of its 72.2% stake in United Coconut Planters Bank (UCPB). Finance Undersecretary Jose Emmanuel P. Reverente said the Government is determined to privatize UCPB but a number of concerns like how the proceeds would be distributed given the different claims of various farmer groups need to be addressed. UCPB has attracted the attention of both foreign and local investors including Philippine National Bank (PSE:PNB), BDO Unibank, Inc. (PSE:BDO), UnionBank of the Philippines (PSE:UBP) and EastWest Banking Corporation (PSE:EW).

Security Bank Mulls Bid For UCPB

Security Bank Corporation (PSE:SECB) is interested in more merger and acquisition opportunities and may bid for the controlling stake in United Coconut Planters Bank that the government is expected to place on the auction block by 2015, the Philippine Daily Inquirer reported.

PBC Reportedly To Bid For United Coconut Planters

Philippine Bank of Communications (PSE:PBC) is looking to bid for United Coconut Planters Bank controlled by the government, Philippine Daily Inquirer quoted a major shareholder of Philippine Bank of Communications as saying.

Recent Private Companies Transactions

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

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