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UCPB, AllBank sign trust agreement for thrift bank’s retirement plan for employees

UCPB, AllBank sign trust agreement for thrift bank’s retirement plan for employees

UCPB and AllBank recently inked a trust agreement, appointing UCPB as trustee for the thrift bank’s retirement plan for its officers and employees.

The agreement was signed by UCPB First Vice President and Trust Banking Group Head Arturo I. Lipio, Jr., and Business Development Department Head, Catalina Cruz together with AllBank President, Jesus Vicente O. Garcia and Chief Finance Officer, Fritzie V. Loayon. The event was witnessed by AllBank Branch Operations and Support Head Crizzan C. Galvez and UCPB Business Development Officer Amerjaphil V. Tan.

“We believe that the biggest and most important asset of any institution are its employees. Taking care of their retirement after serving the institution is of utmost importance to us. Establishing a retirement fund for our employees and looking for a competent and reliable partner to manage it will always be part and one of our priorities. UCPB is a good choice,“ AllBank President Garcia said.

“We’re honored that AllBank entrusted the retirement plan of its employees to the UCPB Trust Banking Group. This shows how AllBank truly values the welfare of its employees,” Mr Lipio said.

AllBank has a network of 17 branches and 26 ATMs in NCR, Laguna, Cavite, Pampanga and Bataan, and caters to working-class Filipinos and businesses.

Date published: October 9, 2020

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