May 27, 2017 8:28 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

THE UNITED Coconut Planters Bank Reports Earnings Results for the First Quarter of 2017

THE UNITED Coconut Planters Bank reported earnings results for the first quarter of 2017. For the quarter, the company’s net income stood at PHP 958.13 million, higher than the PHP 929.19 million recorded in the same year in 2016. Net interest income stood at PHP 2.64 billion, jumping by 16.7% compared to the PHP 2.26 billion recorded in 2016.

United Coconut Planters Bank Reports Earnings Results for the Nine Months of 2016; Provides Earnings Guidance for the Fourth Quarter Ended December 2016 and Full Year Ended December 2016; Provides Earnings Guidance for the Year 2017

United Coconut Planters Bank reported earnings results for the nine months of 2016. For the first nine months of 2016, the bank profits surged to PHP 2.88 billion from PHP 1.99 billion booked in the same period in 2015. For the fourth quarter ended December 2016, the company expects lower income. For the year 2016, the company is looking to increase profits by as much as a fourth this year coming from a likely flat growth in 2016. For the year 2017, the company is projecting a 20%-25% increase in income.

The United Coconut Planters Bank Reports Earnings Results for the Six Months Ended June 2016

The United Coconut Planters Bank (UCPB) reported a 42% increase in its net income in the first six months of 2016 as it saw sustained growth in its lending portfolio and trading gains. The company said that it raked in PHP 1.8 billion in earnings during the January to June 2016 period, rising from the year-ago level of PHP 1.3 billion. UCPB said the robust growth was due to increased demand for consumer loans and higher trading gains. Its net interest income rose 15% from a year ago to PHP 4.7 billion. Total operating income reached PHP 6.1 billion in the first six months of the year, 15% better than the PHP 5.3 billion posted during the same period in 2015.

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Recent Private Companies Transactions

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

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