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Home  »  Central Bank of the Philippines  »  United Coconut Planters Bank (UCPB)

United Coconut Planters Bank

United Coconut Planters Bank
 

The United Coconut Planters Bank, more popularly known by its initials, UCPB, or by its old name, Cocobank, is one of the largest banks in the Philippines, ranking within the top twenty banks in the Philippines in terms of assets. The bank, owing to its name, caters heavily to coconut farmers, but also serves a wide-ranging clientele. UCPB started on May 15, 1963 as First United Bank (Philippines). With only four branches at the time, it was a small commercial bank. The bank is also heavily involved in social development projects and other charity works.

UCPB is a leading provider of financial products and services to corporations, private and government institutions, middle market companies, small - and medium-sized businesses and individuals in the Philippines. Today, UCPB is one of the largest Philippine banks, with 212 branches and 215 ATMs nationwide. It is also the only universal bank to have a rural banking subsidiary, although this has since been merged into its thrift banking operations since late 2005.

 
 

UCPB is a key player in countryside development as well. Its UCPB-CIIF Finance and Development Corp. and UCPB-CIIF Foundation implement various credit programs and community-building activities in 62 of the country’s 64 coconut provinces aimed at uplifting the quality of life of people living in coconut communities.  The bank has since expanded its electronic banking capability with telephone banking and Internet banking facilities. These facilities now handle billions of pesos worth of client transactions.

 
  United Coconut Planters Bank
Category : Universal & Commercial Banks
SWIFT Code : UCPBPHMM

Address :
UCPB Corporate Offices
7907 Makati Avenue
Makati City, Philippines

Telephone : (63) 2 811-9111

Website :  www.ucpb.com

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As of the end of 2009, the UCPB-CIIF Finance Development Corp. has released over P4.43 billion in loans to coconut farmers and their wives, and has also provided numerous trainings to them. The UCPB-CIIF Foundation, on the other hand, has given scholarship grants to their children.
 

 

UCPB is also implementing one of the most successful purely private reforestation initiative on a 33.3-hectare site in Antipolo City. The site is now fully reforested. It was recently declared a “Model Reforestation Site” by the Department of Environment and Natural Resources.

 

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