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UCPB Cambridge branch conducts Financial Literacy Seminar to GHQPC employees

UCPB Cambridge branch conducts Financial Literacy Seminar to GHQPC employees
UCPB Cambridge Branch Manager Eva Marie Magno welcomes AFP officers and personnel from the General Headquarters Procurement Center (GHQPC) during the Financial Literacy Seminar.

UCPB, through its Cambridge branch, recently conducted a Financial Literacy Seminar for the officers, enlisted personnel and civilian staff of the Armed Forces of the Philippines’ (AFP) General Headquarters Procurement Center (GHQPC).

With the theme “Discovering options on managing personal finances and making money grow towards future financial freedom”, over 50 personnel attended the event held in May 2018 at the AFP Procurement Service Multi Purpose Hall in Camp Aguinaldo, Quezon City.

GHQPC employees learned about Bancassurance products from COCOLIFE Account Executive Janica Tabuzo; short, medium and long term investments products from Treasury Banking officers Donna Lyn Abes and Angelo Vergara; and different UCPB LoanEasy products from Consumer Banking officer Jessie Raymund del Rosario and Cambridge Branch Sales Officer Isabelle Balaquit.

“All participants gained concrete and practical insights in managing their own personal finances. As they all discover at some point, it is at least as hard to make money as it is to preserve and protect one’s savings. Equipped with the basic financial literacy skills, they can now evaluate their needs to achieve future financial freedom. Thanks to UCPB Cambridge branch. I am looking forward to another Financial Literacy Seminar just like this one,” Commanding Officer LTC Benedict A. Bodegon PAF said.

UCPB SVP and Operations Group Head Arnel Valles elected as BAIPHIL Director

UCPB SVP and Operations Group Head Arnel Valles  elected as BAIPHIL Director
BSP Governor Nestor A. Espenilla, Jr. leads the oathtaking of the newly elected BAIPHIL Officers (L-R) ING Bank N.V. Chief Financial Officer Domingo V. Gavino, Jr.; BPI Head of Regulatory Compliance Department Blesilda P. Andres; Standard Chartered Bank Director and Financial Institution Sales Head Maria Elena S. Guce; BSP Assistant Governor of Financial Supervision Sub Sector I Restituto C. Cruz; China Bank Savings, Inc. SVP/SME Lending Group Head Maria Teresita R. Dean; and Directors Philippine Veterans Bank VP and Operational Risk Management Head Racquel B. Mañago; Union Bank of the Philippines FVP and Chief Audit Executive Myrna E. Amahan; PNB Savings Bank FVP and Operations Group Head Herminio J. Matute; Robinsons Bank Corp. FVP and Chief Compliance Officer Romel D. Meniado; and UCPB SVP and Operations Group Head Arnel A. Valles.

Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. led the induction of the Directors and Officers of the Bankers Institute of the Philippines (BAIPHIL) for the Fiscal Year 2018-2019. The induction was held on July 13, 2018 at the Makati Shangri-la, Manila.

Among the inductees is UCPB Senior Vice President and Operations Group Head Arnel A. Valles who will serve his third term as a member of the Board of Directors.

Founded in 1941, BAIPHIL is a non-stock, non-profit corporation which aim is to increase the efficiency and uniformity in bank accounting, auditing and operations among banks. It now boasts of 63 institutional members composed of universal, commercial, and thrift banks, as well as banking-related institutions and has more than 250 key executives as associates and sustaining life members who actively participate in its various projects.

Date published: August 13, 2018

New UCPB checking account makes financially “adulting” easy for young professionals

New UCPB checking account makes financially “adulting” easy for young professionals

With 55 years of providing personal and proactive service to its clients, UCPB continues to enhance its retail product offerings with the launch of UCPB CheckStarter, a checking account for clients gearing up for financial adulting.

UCPB CheckStarter offers a personalized, tailored level of service for young working professionals and first-time borrowers who need to issue check payments for rent or loan amortizations. Compared to regular checking accounts offered by other banks, the UCPB CheckStarter features low initial deposit and maintaining balance of just Php1,000. It also does not require the client to have an existing relationship with the bank which makes it the easier and more affordable checking account option.

“We want to make financially adulting easier for our young clients, particularly the millennials. UCPB CheckStarter will allow them to take the big step towards making mature financial decisions such as getting their own place or buying their first car,” said Charina de la Cruz-Balanquit, UCPB Vice President and Marketing Group Head.

The UCPB CheckStarter is available to new/existing individual clients, approved individual consumer loan borrowers and customers of lending or financing companies.

Clients who want to open a UCPB CheckStarter account can present any of the following documents : a notarized lease contract/agreement, an endorsement letter from existing UCPB clients engaged in lending or financing business, or other documents as proof to support the need for a checking account.

Visit the nearest UCPB branch today and get a UCPB CheckStarter account.

Date published: July 19, 2018

UCPB partners with Landas ng Karunungan to facilitate S2S account opening

UCPB partners with Landas ng Karunungan to facilitate S2S account opening
UCPB partnered with Landas ng Karunungan (LNK), an organization under the Sta. Maria Dela Strada Parish in Quezon City, to facilitate the opening of UCPB Start2Save (S2S) Junior Savings Account for Grade 7 to 10 students. LNK conducted their annual summer outreach tutorial program for high school kids in Balara High School where the students are studying.

On May 29, 2018, a Start2Save roadshow was held to encourage the students open their own bank accounts. The students excitedly received their welcome kit containing their own S2S Passbook, ATM card, notepad, stickers, and a birthday coupon. The students were also given mini calculators to help them manage their own allowance.

Aside from opening their accounts, the students also participated in UCPB’s Financial Education sessions where they learned the basics of budgeting, saving, and spending to improve their ability to manage their allowance even at a young age.

This is the fourth S2S school roadshow organized by UCPB for 2018 in support of the Bangko Sentral ng Pilipinas and Bank Marketing Association of the Philippines’ Banking on Your Future (BOYF) Program. BOYF enjoins banks to promote financial education and increase the savings in the country by encouraging millions of Filipino youth from 0-19 years old to open bank accounts.

Date published: June 28, 2018

UCPB recently brought its Financial Wellness Fair to employees of the Cebu provincial government

UCPB recently brought its Financial Wellness Fair to employees of the Cebu provincial government
UCPB entertained inquiries on the Bank’s products and services from Cebu government employees at the Provincial Capitol on April 26-27, 2018.

Eager to learn about the steps that they can take to achieve their personal goals, over 100 local government employees attended the event held on April 26-27, 2018 at the Provincial Capitol. The participants were presented with different UCPB products such as deposit and investment products, life and non-life insurance products from partners United Coconut Planters Life Assurance Corp. (COCOLIFE) and UCPB General Insurance Company, Inc., (UCPB Gen) UCPB LoanEasy products, and UCPB Securities’ MyStock, an online stock trading portal that enables you to buy, sell or own stocks.

The Cebu government employees also asked about UCPB’s products and services that they are interested in. In addition, the Bank also encouraged and assisted the participants to enroll their payroll accounts in UCPB’s electronic banking facilities.

“The event was a success. Our personnel learned about relevant information that can help them come up with sound decisions. We are looking forward to more activities like this from UCPB,” Provincial Human Resources Management Officer Bhobby Nacorda said.

To encourage the use of UCPB Visa Debit Card, UCPB conducted a raffle draw which gave the Cebu government employees a chance to win cash prizes for every Point-of Sale purchase using their card in Visa-accredited merchants from April 14 -27, 2018. Ten winners of P1,000 were drawn and a grand prize winner was also awarded P10,000.

This is the first time that UCPB conducted its Financial Wellness Fair in the Visayas region. The UCPB Financial Wellness Fair is a series of roadshows promoting financial literacy and wellness for the Bank’s payroll clients.

Date published: July 5, 2018

UCPB, Phoenix Petroleum and Ulticon conduct second Operation Smile mission in Davao

UCPB, Phoenix Petroleum and Ulticon conduct second Operation Smile mission in Davao
UCPB President and CEO Higinio O. Macadaeg, Jr., VP/Marketing Group Head Charina D. Balanquit, Operation Smile International Country Director of Development Philippines Bobby N. Manzano and UCPB associates join patients eagerly awaiting their turn to get surgery.

UCPB and its clients, Phoenix Petroleum Philippines, Inc. and Ulticon Builders, Inc. sponsored an Operation Smile cleft surgery mission benefitting children with oral cleft. It was held on April 29 to May 4, 2018 at the Brokenshire Hospital in Davao City.

This is the second mission in a span of five months after the November mission at the Davao Medical Center for 50 oral cleft patients.

“We are very glad to go back to Davao for the second leg of our Operation Smile mission. This is also our way of giving back to the people of Mindanao who have supported UCPB’s operations,” President and CEO Higinio O. Macadaeg, Jr. said.

Operation Smile Philippines mobilized a 48-man all-volunteer multi-specialty team for the six-day free surgery mission consisting of plastic surgeons, anesthesiologists, pediatricians, dentists, nurses and support personnel.

Most cleft cases are born to poor families who cannot afford the cost of commercial surgery. If left untreated, they will be bullied, lose their self-esteem and grow uneducated with hardly any chance of gainful employment. “The free surgery will change their lives dramatically,” Mr. Macadaeg said.

UCPB has been supporting Operation Smile since 1986 with financial donations, executive time and employee-volunteers. The Bank also provides an office space for Operation Smile’s corporate headquarters in Makati City.

UCPB posts double-digit income growth in Q1 2018

UCPB posts double-digit income growth in Q1 2018

UCPB posted a net income of P1.14 billion in the first quarter of 2018, 19% higher than the P958 million it earned in the same period last year.

The double-digit earnings growth reflects the strong performance of the Bank’s lending, deposit-taking, bancassurance and fee-based operations in the first three months of the year, UCPB President and CEO Higinio O. Macadaeg, Jr. said.

As of end-March 2018, the Bank’s loan portfolio expanded by P18.33 billion or 12% to P173.35 billion from P155.02 billion a year ago, boosted by robust consumer loan bookings.

UCPB booked P6.5 billion in new consumer loans in the first three months of the year as the Bank continued to successfully leverage its 188 branches nationwide to take advantage of the sustained demand for housing, auto and personal loans, and to generate more deposits.

Deposits rose by 9% or P22.29 billion to P278.04 billion, with low-cost CASA accounting for 67% of the total amount.

Higher loan volume and better margins increased net interest income during the period by P108 million to P2.84 billion, up nearly 4% from year-ago levels.

Non-interest income also increased by 20% or P129 million, to P743 million on higher service charges, fees and commissions, foreign exchange gain and bancassurance revenues.

UCPB inked a 10-year exclusive bancassurance partnership with United Coconut Planters Life Assurance Corp. (COCOLIFE) and UCPB General Insurance Co., Inc. (UCPB GEN) in February this year.

“We’re ahead of our first quarter target and on track to surpass last year’s earnings performance, a very good start as we celebrate our 55th year in the industry,” Mr. Macadaeg said.

Date published: April 20, 2018

BSP Governor leads the induction of 2018 BMAP Officers

BSP Governor leads the induction of 2018 BMAP Officers
Photo shows Bangko Sentral ng Pilipinas (BSP) Governor Espenilla (6th from left) together with (L-R) BMAP Chair for Election, Yayu E. Javier (Avanza, Inc.), Treasurer Emmanuel Mari K. Valdes (RCBC), Vice President Mary Catherine Elizabeth P. Santamaria (BPI), Secretary Charina D. Balanquit (UCPB), President Mary Ann R. Ducanes (Chinabank), Director for Publicity and Digital Marketing Mai G. Sangalang (Standard Chartered Bank), Director for Industry Relations & Banking Code and Financial Inclusions Mike V. Villa-Real (Philippine Veterans Bank), Director for Programs and Ways & Means Patricia C. Paguia (BancNet), BSP Deputy Governor Chuchi Fonacier, former BMAP presidents Maximino Edralin Jr. and Alexander C. Escucha.

Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. led the induction of the 2018 Board of Directors and Officers of the Bank Marketing Association of the Philippines (BMAP), including UCPB Vice President and Marketing Group Head Charina C. de la Cruz-Balanquit who was elected as Secretary. In 2017, Ms. Balanquit was elected as Director for Programs and Ways & Means. The induction was held on March 5, 2018 at the BSP Complex, Manila.

Established on February 27, 1974, BMAP was the brainchild of 16 pioneering individuals engaged in the public relations and advertising work of their respective banks. It aims to promote and upgrade the practice of bank marketing in the country. Along with its mission to professionalize bank marketing, BMAP also seeks to fully develop, support, and implement educational programs geared towards the advancement of the professional skills and abilities of those engaged in bank marketing. Now with 31 member-banks, and 15 associate members, BMAP continues to strive further to attain its vision and goal of promoting bank marketing in the country and supporting BSP’s programs and advocacies.

Date published: April 13, 2018d

UCPB supports TOAP’s Trust Consciousness Week

UCPB supports TOAP’s Trust Consciousness Week
UCPB Trust Relationship Manager Catherine Joy D. Amador touched base with college students in Lucena City to discuss the importance of saving and investments.

In support of the annual Trust Consciousness Week from March 19-23, 2018, UCPB came up with several initiatives to support of the Trust Officers Association of the Philippines’ (TOAP) and its education arm, the Trust Institute Foundation of the Philippines’ (TIFP) objective to raise the public’s awareness and understanding on the features and benefits of trust products and other fiduciary services.

The UCPB Trust Banking Group conducted a talk to graduating college students of Sacred Heart College (SHC) in Lucena City to discuss the importance of saving and investing. This was held on February 24, 2018 during the school’s 2nd UPSURGE (UPgrade, SURpass and GEnerate) Finance 2018, an annual event of SHC’s Junior Financial and Investment Executives.

In her message in the TOAP supplement published in the Philippine Daily Inquirer and BusinessWorld on March 19, 2018, Senior Vice President and Trust Banking Group Head Ma. Elena Sarmiento who serves as TOAP director and TIFP President underscored the organization’s commitment to uphold the industry and its stakeholders while uplifting the lives of its Trust Banking clients. “The Trust Consciousness Week is in service of the Filipino people with programs and campaigns that will promote financial literacy and financial inclusion, among others. We draw on our collective efforts to ensure that the investing Filipino is equipped with the right tools and options to successfully maneuver every stage in his life cycle, whether it be saving to build one’s wealth, planning for retirement or even, further beyond, the proper distribution of his estate.”

Date published: March 21, 2018

UCPB’s start-up Bancassurance business takes off in 2017

UCPB’s start-up Bancassurance business takes off in 2017

UCPB’s partnership with life insurance company, COCOLIFE, and non-life insurance company, UCPB General Insurance Co., Inc., is paying solid dividends for the bank.

In the nine months following its launch in April 2017, the bancassurance partnership generated total premiums of P1.05 billion from the sale of insurance policies of the two companies to the Bank’s customers.

Bancasssurance is an arrangement between an insurance company and a bank whereby the former sells its products to the latter’s clientele.

The partnership benefits UCPB in two ways. One, it makes readily available to the Bank’s clients a variety of insurance products to secure their future and to protect them against financial losses; and two, it provides the Bank itself with a steady source of topline revenues with high growth potentials.

UCPB President and CEO Higinio O. Macadaeg, Jr. said bancassurance dovetails perfectly with the Bank’s thrust to leverage the nationwide reach of its network of 188 branches and focus on the retail and consumer markets.

“Our individual depositors and borrowers present a huge market for insurance products,” he said pointing out that as these customers progress in their businesses and careers and goes through the various stages of their personal lives, “they will be needing more risk cover, from the basic motor, fire and life insurance to health, retirement and estate plans as well as new investment outlets.”

UCPB Vice President for Bancassurance, Merline S. Dela Cruz, sees the volume increasing dramatically this year as the Bank continues to expand its loan portfolio and deposit base, and this, she said, “would double the new business’ production by year-end.”

Ms. Dela Cruz said a key driver of volume growth would be the Variable Life insurance, a life insurance coverage with an investment component, which the bancassurance partnership will push aggressively this year.

UCPB secured Bangko Sentral ng Pilipinas approval to sell the hybrid insurance late last year.

Date published: March 8, 2018

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System Maintenance Schedule: July 26, 2018 (1am to 3am)

Attention: UCPB Connect & CM.biz Users Please be advised that the UCPB Connect and CM.Biz Internet Banking facilities will not be available for two hours on Thursday, July 26, 2018 from 1:00am to 3:00am due to a scheduled service maintenance activity. During this time, you may continue to use the UCPB Mobile Phone Banking facility or transact using your UCPB Debit or eMoney Card through ATMs and POS terminals. Please schedule your electronic banking transactions accordingly. We apologize for any inconvenience that you may experience during this time. Read more.

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