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UCPB posts P3.03 billion income for the first nine months of 2017, up by 5%

UCPB posts P3.03 billion income for the first nine months of 2017, up by 5%

UCPB reported P3.03 billion in net income for the first nine months of the year, a 5% increase from P2.88 billion last year. This result is driven by the sustained growth of the Bank’s consumer loans portfolio and the notable performance of its bancassurance business launched this year.

The Bank continues to sustain its robust consumer loan portfolio, contributing to the 16% growth in the Bank’s total loan portfolio from P135.97 billion to P157.57 billion, as consumer spending confidence and investment appetite continue to grow. Deposits grew by 11% to P277.96 billion year on year. Its Bancassurance business, which was launched in April 2017, posted an income of P38 million.

Net interest income rose to P8.30 billion, up by 15% in the first 9 months while non-interest income dipped 23% at P1.86 billion compared to the previous year due to lower trading opportunities.

Operating expenses were kept at a minimum, increasing by 9%, even as the Bank continues to respond to growing manpower requirements.

UCPB President and CEO Higinio O. Macadaeg, Jr. notes, “All of our business segments contributed strongly to our record performance this quarter, notably consumer and corporate loans on the back of steady economic growth.”

In October, UCPB completed the transition of all its Automated Teller Machines (ATMs) and replacement of its ATM cards to the EMV technology, the global standard in card payment security. The Bank also successfully implemented its Check Image Clearing System (CICs), resulting in one-day check clearing to give its clients faster access to their funds at 12 noon of the next banking day.

“As the year draws to a close, UCPB will be relentless in continuing to achieve operational efficiencies and raising productivity. Judging from our performance these past nine months, we look forward to an even better year in 2018 for UCPB,” said Mr. Macadaeg.

Date published: December 5, 2017

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Customer Advisories

ADVISORY: Local Holidays

Please be advised of the following local holidays and the UCPB branches that will be closed:

Friday, March 16, 2018 – Bajada, Magsaysay, Palma Gil, and San Pedro branches (Araw ng Dabaw – Republic Act No. 7551)
Monday, March 19, 2018 – Bajada, Magsaysay, Palma Gil, and San Pedro branches (Araw ng Pasasalamat – Proclamation No. 439)
Wednesday, March 21, 2018 – Calapan branch (20th Founding Anniversary of the Province of Oriental Mindoro – Malacañang Proclamation No.

Our ATMs and electronic banking facilities are available even during holidays. Thank you.

Read more.


In our eStatement advisory regarding Updates on Current Accounts, we wrote: “Checkbook fee for UCPB Regular Checks, Multi-One and Perks has been adjusted effective January 15, 2018, as follows: Personal Checks (50 pcs. per checkbook) from Php175 to Php200 and Commercial Checks (100 pcs. per checkbook) from Php350 to Php500.” The updated fee for Personal Checks (50 pcs. per checkbook) should have been Php250 instead of Php200. We deeply apologize for error and confusion this may have caused. Read more.

System Maintenance Schedule: March 10, 2018 (11pm-12mn)

Please be advised that the following electronic banking channels will not be available on March 10, 2018 (Saturday) from 11:00 PM to 12:00 MN: UCPB Connect ATMs (UCPB cardholders will also not be able to transact in other banks’ ATMs) Mobile Phone Banking Point-of-Sale (POS) Terminals e-Commerce transactions (online purchases via VISA and Bancnet) CM.Biz My 1Time Payment Kindly schedule your transactions before or after the scheduled maintenance. We apologize for the inconvenience this may cause. We are doing this to ensure consistent and improved service delivery for you. Thank you. Read more.

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