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UCPB welcomes new Directors of the Board

UCPB welcomes new Directors of the Board

UCPB recently welcomed six new members of the Board of Directors in line with LANDBANK’s acquisition of majority of UCPB’s outstanding capital stock.

The newly appointed directors are LANDBANK President and CEO Cecilia C. Borromeo as UCPB Chairperson together with UCPB Officer-in-Charge Liduvino S. Geron, and LANDBANK senior executives Alan V. Bornas, Julio D. Climaco, Jr., Randolph L. Montesa and Elcid C. Pangilinan. This brings the total number of directors to 15.

“With this new composition of the Board of Directors, we are taking another step in further unifying the two banks into one stronger financial institution with a bigger service delivery network, wider range of products and services that cater to a more inclusive client base,” UCPB Officer-in-Charge and new Director Liduvino S. Geron said.

LANDBANK President and CEO Cecilia C. Borromeo, who also served as President and CEO of the Development Bank of the Philippines, has an extensive banking career spanning over 30 years. She handled various posts in agricultural and development lending, treasury and investment banking, public sector lending, corporate banking, global banking, wholesale banking and lending program management.

Director Alan V. Bornas heads the LANDBANK Operations Sector and has nearly three decades of service in leading the improvement of the Bank’s customer service and business processes through automation and IT. Director Junet D. Climaco, on the other hand, has served the Bank for 28 years and now leads LANDBANK’s Branch Banking Sector. He previously headed the Bank’s Strategic Planning Group as well as its Corporate Services Sector. Prior to LANDBANK, he worked as a senior managing consultant at Price Waterhouse Coopers.

Director Randy L. Montesa heads LANDBANK’s Card and Electronic Banking Group and spearheads the digital payments and agent banking initiatives of the Bank. Director Elcid C. Pangilinan leads the Strategy and Knowledge Management Group, applying his vast experience and expertise from nearly 30 years in government service, development work and the academe in agencies and organizations such as the Department of Education, Office of the President’s Management Staff, USAID, UNDP, De La Salle System, Ateneo de Manila University and University of Asia and the Pacific.

UCPB also welcomed Department of Finance (DOF) Assistant Secretary Danielle Marie Rieza-Culangen as the alternate representative of DOF Undersecretary Karen G. Singson of the UCPB Advisory Council.

Associates and clients who are interested to know more about the new members of the Board may read their profiles at UCPB’s official website, www.ucpb.com/about/.

Date published: January 6, 2022

Stretch the budget for your kids’ education through UCPB SalarEasy

Online classes in public and private schools have started to resume. Aside from the educational and digital challenges brought about by this new set-up, one of the concerns faced by parents now is how to manage the children’s educational expenses because of the pandemic’s impact on the family budget.

To help bridge the budget, UCPB SalarEasy Loan is a good option for parents who are looking for a way to fund their kids’ education. With UCPB SalarEasy, they can easily and conveniently apply for a salary loan online which can help cover not only tuition fees but also other educational expenses such as school supplies and internet connection plans. UCPB SalarEasy offers flexible terms of 12, 18, 24 or 36 months.

“Everyone should be granted an opportunity for education especially in these trying times. UCPB SalarEasy aims to help parents stretch their budget for their kids’ education and other school expenses,” said Senior Vice President and UCPB Consumer Banking Group Head Philip S. Pabelico.

To avail of UCPB SalarEasy, one must be a permanent employee for at least two years or self-employed for the last three years. To apply and submit the required documents online, simply visit UCPB SalarEasy page.

Make this school year a bit easier on the family budget with UCPB SalarEasy. For more details, call the UCPB Consumer Loans hotline at 8811-9100 or send an email at loans@ucpb.com.

Date published: September 10, 2021

Real-time, online reloads on your Easytrip RFID through UCPB App

Real-time, online reloads on your Easytrip RFID through UCPB App

With new expressways opening up to provide better and faster travel options, government has mandated cashless and contactless payment systems to eliminate congestion and ensure the public’s protection against the Covid-19 virus.

In support of this mandate, UCPB has made it easier for clients to load their Easytrip RFID account real time through the UCPB Mobile App. With this option, clients can safely and conveniently top up their Easytrip RFIDs for trips along major expressways like NLEX, SCTEX, CAVITEX and CALAX.

UCPB Mobile App users simply have to go to the “Pay Bills” menu and select “Easytrip” from the Services list, enter the 12-digit Easytrip account number, and specify the Easytrip account name and amount for reloading. A service fee of Php 10.00 will be deducted on top of the load amount.

For more information on the UCPB App reloading process, please visit click here. To enroll, visit UCPB Connect page. You can download the UCPB Mobile App at Google Play Store and Apple App Store. For inquiries, please call the Customer Relations Center at 8811-9111 or email crc@ucpb.com.

Date published: September 9, 2021

Covid-19 vaccinations underway for UCPB associates

Covid-19 vaccinations underway for UCPB associates

UCPB has started rolling out the Moderna Covid19 vaccines for Bank’s associates and their dependents. To date, 280 associates have been vaccinated under UCPB’s vaccination program, consisting of 90 from the A2 and A3 categories (senior citizens, with comorbidities) and 190 from the A4 category (essential workers).

This brings the total number of associates vaccinated under the program and their own LGUs to 65% or 2,291 associates of 3,524 associates. Out of this number, 1,167 have been fully vaccinated.

The Bank’s vaccination program, which is in partnership with AC Health Group, has 17 vaccination sites in Metro Manila, Laguna, Bulacan, Pampanga, Cebu and Davao. The UCPB Human Resource COVID-19 Vaccination Team is expecting the number of sites to increase as more vaccines become available in the country.

UCPB Aquino Branch Manager Cecille V. Amante, expressed her gratitude to UCPB for taking initiative in protecting its associates. “I finally had my first jab at the Makati Stock Exchange vaccination site recently and I’m very thankful to UCPB for arranging this for us.”

The Bank encourages associates to continue to follow health and safety protocols and to get their vaccines from UCPB or their LGUs as soon as possible for greater protection

Date published: August 31, 2021

UCPB bags Award of Excellence in Straight-Through Processing for fifth year

UCPB bags Award of Excellence in Straight-Through Processing for fifth year

UCPB was recognized for Excellence in Straight-Through Processing (STP) for the fifth consecutive year by partner bank Standard Chartered Bank. With a near perfect score of 99.1%, the Bank was recognized for its superior and excellent service through consistent and efficient processing of international fund transfer requests. The annual awarding ceremony was held online on July 8, 2021.

Photo shows UCPB Remittance Services Department Head Cherry L. Salcedo holding the award. With her are (clockwise from left) UCPB International Banking Division Head Letty C. Mejos, AVP/Relationship Manager for Financial Institution and Subsidiaries Popee S. Bagamasbad, Standard Chartered Bank Financial Institutions Head Aileen Guce, Financial Institutions Sales Officer Ana Alba and Associate Director/Transaction Banking Service Manager Odette Paella.

Date published: August 6, 2021

LANDBANK-UCPB merger: a win-win for coconut farmers and other agri workers

LANDBANK-UCPB Joint Statement on E.O. 142

The Land Bank of the Philippines (LANDBANK) has asserted that its upcoming merger with the United Coconut Planters Bank (UCPB) will strengthen government efforts to build a stronger, unified banking institution capable of serving coconut farmers and other workers in the agricultural sector.

LANDBANK President-CEO Cecilia Borromeo said that the merger will promote unprecedented rural development, in keeping with President Duterte’s goal of expanding financial inclusion among Filipinos, especially those in the countryside who belong to the underserved and unbanked sectors.

Borromeo, a former scholar of the Philippine Coconut Producers Federation, Inc. (COCOFED), said coconut farmers will be able to take advantage of the established expertise of LANDBANK in lending to the agriculture and agribusiness sectors.

“LANDBANK’s track record of being consistently compliant with the Agri Agra Law shows our commitment to perform our mandate, to empower not only the farmers but all workers in the agriculture sector,” she said.

Republic Act No. 10000, or the Agri Agra Law, mandates banks to allot 15 percent of their total lending portfolio for agriculture loans and 10 percent of its total loanable funds to agrarian reform beneficiaries.

As of December 2020, LANDBANK’s agriculture loans reached 76.95 percent of its total loan portfolio, significantly above the minimum requirement of 15 percent. Agrarian reform lending, meanwhile, hit 11.52 percent during the same period, also above the 10 percent required under the Agri Agra law.

LANDBANK’s agriculture lending has been consistently growing from PHP 222.05 billion in 2018, to PHP 236.31 billion in 2019, and PHP 237.62 billion in 2020.

As of end-May 2021, LANDBANK’s loans to agriculture reached PHP 230.02 billion, an increase of PHP 73 million net from the PHP 229.29 billion level in April 2021.

The number of farmers and fishers assisted by LANDBANK reached 2,734,572 as of May 2021, an increase of 31,323 from 2,703,249 in April 2021.

“With the merged resources of LANDBANK and UCPB, we can bring closer to the farmers our services, as we are able to tap a combined total of 722 branches and servicing units, including those in the provinces,” Borromeo said.

She added that the proposed merger “will also be beneficial to existing UCPB clients because they can access the bigger branch and ATM (automated teller machine) network of LANDBANK and will be able to avail of a wider range of products and services such as the LANDBANK digital banking service.”

Landbank’s management expertise is also expected to provide support to UCPB, thus protecting the interest of coconut farmers in the would-be merged banks.

“Our goal is to ensure that we are able to efficiently manage and protect government resources in these banks for the ultimate benefit of the Filipino people. With the merger, we will be in a better position to grow our loan portfolio in order to meet the needs of the people, especially the unbanked and underserved Filipinos,” Borromeo said.

“The merger will also mean better financial services for UCPB clients, especially those who are in the farm sector. For the clients of both banks, the merger will mean they can now rely on a stronger and better capitalized institution with solid government support,” she added.

On the part of the UCPB, Officer-in-Charge (OIC) Liduvino Geron said, “The merger enables UCPB and its clients to benefit from the strength, stability, scale and reach of LANDBANK. This also allows us to pursue our original mandate to serve coconut farmers nationwide while providing a wider range of products and services to our clients composed of individuals, private and government institutions, middle-market companies, and small enterprises nationwide.”

Under Executive Order No. 142, President Duterte ordered the LANDBANK and UCPB to enter into a merger applicable to government-owned and -controlled corporations (GOCCs) and recognized by regulatory agencies.

LANDBANK, which is the biggest public sector bank in the country, will be the surviving entity under the merger.

Once the merger is concluded, LANDBANK will remain as the industry’s second biggest bank in terms of assets and deposits.

Date published: June 29, 2021

Covid-19 vaccines acquired for UCPB associates

UCPB associates and their qualified dependents are set to benefit from the Moderna Covid19 mRNA-1273 vaccine after 11,500 dosages were acquired for their protection. This is one of the Bank’s initiatives in support of government’s efforts to fight the pandemic.

Based on the agreement with the ICTSI Foundation and the Moderna Buyers’ Group, the vaccines will start arriving by mid-June and the delivery and administration of the vaccine at Zuellig Pharma’s accredited vaccination sites are expected to be completed by the end of the year. The cost will be covered by the associates’ annual medical benefit. Associates who also signed up their relatives or other household members have an option to pay through salary deduction or salary loan. The vaccines will also be made available to the Bank’s security guards and utility personnel.

UCPB Officer-in-Charge Liduvino S. Geron underscored the importance of UCPB associates receiving the vaccines. “Our associates are the Bank’s greatest asset. I have seen their dedication to their work and their clients amidst this pandemic. We want to make sure they have the best fighting chance against the virus by securing the vaccines at the earliest possible time to ensure their health and safety.”

Since the pandemic started in March 2020, UCPB has strictly enforced health standards and protocols in the Head Office and branches including physical distancing, sanitation and hygiene; stringent stay-at-home guidelines for those with symptoms or suspected exposure; monitoring/quarantine of suspect, probable or positive cases. The Bank also adopted alternative work arrangements such as the Work-From-Home/Work-On-Site set-up, staggered work schedules, and compressed work week to lessen the associates’ exposure to the virus.

Date published: June 1, 2021

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