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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

UCPB, COCOLIFE highlights importance of estate planning amid pandemic

UCPB, COCOLIFE highlights importance of estate planning amid pandemic

In response to the uncertainties brought about by the pandemic, over 600 UCPB clients from different parts of the country attended an online webinar on the benefits of estate planning.

The event was organized by UCPB and COCOLIFE to educate clients on the importance of estate planning and enable them to ensure a good future for their loved ones.

Estate planning expert Professor Xylexferene De La Torre of the Professional Regulatory Board of the Real Estate Service (PRBRES) discussed how it’s never too early to start with estate planning through preparation, protection and preservation. “You are your most important asset. The best time to start planning is the moment you start working and earning income. You can never start too early because you never know when the unthinkable will happen,” he said.

With the unpredictable Covid-19 pandemic, Prof. De La Torre highlighted the importance of investing in estate planning and life insurance. “Because of the new normal, people developed a greater appreciation for life and family. It made them think more about the future,” he added.

“Life insurance is the most powerful tool in crafting any estate plan. It’s also a primary tool for risk management. In our current pandemic situation, the risks are heightened. With life insurance, you can identify and minimize those risks as well as protect your funds,” COCOLIFE Vice President/Treasurer of Corporate Finance and Strategy Division Atty. Julio Bucoy said.

The first step to estate planning is to seek advice from financial advisors and account executives. “We have COCOLIFE account executives assigned to each UCPB branch to guide our clients in determining what type of policy they need,” COCOLIFE Vice President and Bancassurance Department Head Maria Nerissa Enriquez said.

UCPB FVP and Branch Banking Group Officer-in-Charge Anthony Evan Lluch stressed the importance of smartly handling one’s hard-earned assets by planning for the future. “More than anything, this pandemic has forced us to face some hard truths in life, one of which is the wisdom of preparing a good future for our family in whatever stage of life we are in right now. We hope what clients learned in the webinar will help them make the right decisions to protect their families and ensure a good future for them.”

COCOLIFE, the country’s number one Filipino-owned stock life insurance company, offers a wide array of life insurance products and wealth management products and services. These are available through COCOLIFE’s 68 fully computerized branches and UCPB’s 188 branches nationwide.

Date published: October 9, 2020

UCPB posts double-digit net income growth for 2019, sustains growth in Q1 2020

UCPB posted a net income of P4.18 billion in 2019, an 18% increase from its P3.5 billion net income in 2018, based on the Bank’s unaudited financial statement. This was driven by net interest income growth of 7.2% or P766 million year-on-year, lower funding costs and higher trading gains.

Corporate and consumer lending grew by 4% year-on-year while Treasury increased its trading and investment portfolio by 21% to P80.56 billion. Deposits, mainly from CASA, grew by 3% to P282 billion, a P8.9 billion increase from 2018.

The Bank’s double-digit growth was sustained in the first quarter of 2020, with a net income of P1.3 billion, up by 83% from last year’s P715 million. This was due to robust efforts to expand consumer and commercial lending and an increase in trading and securities gain.

Interest income is higher year-on-year by 8% or P293 million due to a higher gross loan level by P2.4 billion to P165.9 billion. Net interest income is better by 32% to P3.2 billion as compared to the same period last year. Deposits grew by 7% to P278.8 billion from year-ago levels.

Non-interest income is 86% or P429 million better versus first quarter of last year, mainly driven by trading and securities gain and service charges.

The Bank remains cautious despite its strong and sustained performance as the country continues to address the COVID-19 pandemic. “The Bank has done exceptionally well with its double-digit growth in 2019 and the first quarter of the year. However, we also anticipate a decline in our net income by year-end given the negative impact of the pandemic to businesses and consumers alike. It’s a time riddled with challenges arising from the global health crisis but we will work doubly hard to serve our clients, ensure the safety of our employees and help communities hard hit by COVID-19 as much as we can,” said UCPB Officer-in-Charge Liduvino S. Geron.

In response to the call for relief measures in the ongoing COVID-19 crisis, UCPB has undertaken various measures to support its clients, stakeholders and employees. The Bank prudently increased its provisions for losses as a result of its initial assessment of the credit portfolio, owing to the impact brought about by the pandemic on local businesses and consumer borrowers and the uncertain global and local economic outlook. It also provided a grace period for loan clients in line with the Bayanihan To Heal As One Act, and also waived InstaPay and PESONet fees for individual clients. Despite shortened banking hours during the community quarantine period, its online and mobile banking channels remained open for clients to use anytime. The Bank continues to urge its clients to choose safety by encouraging the use of digital channels for their banking transactions.

Date published: October 5, 2020

Only the best for your child’s online learning needs with UCPB SalarEasy Personal Loan

The global health crisis has made online learning the new normal for schools across the country. With the rollout of this new form of learning, families find themselves in an unexpected dilemma where students require more gadgets and instructional materials than usual such as a dedicated laptop and a stable Wi-Fi connection, among others.

Ensuring your child has everything they need for this new normal does not come cheap and most of us are feeling the pressure of no-work-no-pay days due to the declaration of the modified enhanced community quarantine. The addition of these gadgets and other online instructional materials on top of your child’s tuition fees can really put a strain on your budget.

Let UCPB help you stretch your budget so you can provide only the best for your child with the SalarEasy Personal Loan. With a minimum loan amount of P30,000 to a maximum of P200,000 at low interest rates, parents who have been regular employees for the last two years or who run their own business for the last three years are qualified to apply for a salary loan with great ease and convenience.

Make online learning easy for your child and your budget with SalarEasy Personal Loan at flexible payments terms in 12, 18 or 24 months. Simply download and fill out the application form, submit the required documents to the nearest UCPB branch, and wait for the credit decision. The loan amount will be released through a post-dated check or may be credited to your UCPB VISA Debit Card.

UCPB SalarEasy Personal Loan ensures you provide not only the best gadget for your child’s online learning needs but also makes sure you’ve got their tuition fees covered. Avail of the SalarEasy Personal Loan today!

To make sure you properly manage your budget, you can check out how much you can afford to loan and pay every month with the UCPB LoanEasy calculator. For more information about SalarEasy Personal Loan, visit any UCPB branch, talk to one of our loan account officers at (02) 8811-9100 or email at loans@ucpb.com.

Date published: August 5, 2020

UCPB branches to accept payments for traffic violations in Para?aque City

UCPB branches to accept payments for traffic violations in Para?aque City

UCPB and the City Government of Para?aque recently signed a memorandum of agreement for the Bank to accept payments in line with the local government’s adoption of the No-Contact Apprehension Program (NCAP).

“UCPB is pleased to be part of this partnership as it helps Paranaque City in its goal to ensure road safety through the stringent implementation of road rules and regulations,” said Metro Manila Region 6 Head Tesa D. Tamayo.

Through NCAP, motorists found in violation of Para?aque City’s road rules and regulations are issued a Notice of Violation stating the type, time and location, as well as a photo of the violation. Motorists can proceed to any UCPB branch to pay the fine, bringing along with them the Notice of Violation as reference when they fill out the Bills Payment Form. Violators can either pay in cash or opt to have it debited from their UCPB accounts.

Motorists can also check their violations online at the Para?aque City No Contact Apprehension Site.

Last year, UCPB also signed a similar agreement with the City Government of Valenzuela to accept payments for motorists’ traffic violations under the No-Contact Apprehension Program (NCAP).

Photo shows (L-R) former UCPB Savings President Angel Mojica, MM6 Region Head Tesa D. Tamayo, Sucat Branch Manager Mary Grace B. Lopez, Para?aque City Mayor Edwin D. Olivarez, and former UCPB Branch Manager Magdaleno Palacol, Jr. during the meeting held before the ECQ to finalize the agreement.
MJ Monses of the City Government of Para?aque, Ms. Lopez, Ms. Tamayo, Para?aque City Treasurer Dr. Anthony Pulmano, and Para?aque City Deputy Executive Director of Finance Jose Arnold Tan in another meeting pre-ECQ to hammer out the details of the partnership.

Date published: July 16, 2020

UCPB extends waived fees for InstaPay and PESONet until December 31, 2020

In aid of continuing relief measures in the fight against COVID-19, UCPB is extending waived fund transfer fees for InstaPay and PESONet until December 31, 2020.

“UCPB is one with Bangko Sentral ng Pilipinas in its call for banks to extend the waiver of fund transfer fees as well as its goal to increase the use of a safe and convenient digital payment system especially during this time. We hope that through this, we can contribute to our clients’ safety and well-being as this will enable them to transact online in the safety of their homes instead of venturing outside,” UCPB Officer-in-Charge Liduvino S. Geron said.

Clients can enjoy free fund transfers via InstaPay and PESONet through UCPB Connect and the UCPB Mobile Banking App. UCPB suspended fund transfer fees since the community quarantine took effect in March of this year.

Date published: July 17, 2020


Related article:

Seasoned Banker Takes the Helm at UCPB

Seasoned Banker Takes the Helm at UCPB

UCPB announces the appointment of Mr. Liduvino S. Geron as Officer-in-Charge of the Bank effective July 2, 2020.

Mr. Geron brings with him over 20 years of expertise in various areas of banking, particularly branch banking, strategic planning and lending. Mr. Geron is the Executive Vice President for Agricultural and Development Lending of the Land Bank of the Philippines. He rose from the ranks as a LandBank management trainee in 1994 before heading its various units such as the Visayas Branches Group, Lending Program Management Group, Credit Policy Department, Strategic Planning Group and the Branch Banking Sector. He has a degree in Agricultural Engineering from the University of the Philippines Los Banos and a master’s degree in Systems Agriculture from the University of Western Sydney.

Mr. Geron’s appointment follows the resignation of Mr. Higinio O. Macadaeg, Jr.

UCPB posted a P4.1 billion net income in 2019, a 16% increase from its P3.5 billion net income in 2018, based on the Bank’s unaudited financial statement for 2019.

Date published: July 2, 2020

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