Good News from UCPB!

UCPB Sustains Growth Momentum
hikes assets in Q1 of 2009 by 43% over Q1 of 2008

Riding on the momentum it built last year, UCPB posted double-digit growth in total assets in the first quarter of 2009.

Total assets of the bank reached P141.3 billion at the end of March 2009. This represents a P42.5-billion or 43% increase from the level in March 2008 of P98.8 billion.

The steady growth of deposits and loans during the period fueled the robust expansion of the bank’s assets.

The bank’s total deposits rose by P43 billion or 57% to P117.8 billion from P75.0 billion a year ago on account of the P4.5-billion increase in current accounts and savings accounts, the P4.6 billion increase in foreign currency deposits, the P3.6-billion increase in time deposits, and the P30 billion in new government deposits.

On the other hand, total loans hit P33.2 billion, 43% or about P10 billion higher than the P23.4 billion a year ago with both commercial loans and consumer loans

recording healthy growths. Commercial loans jumped by 53% or over P7 billion to P22.8 billion from P15.5 billion, while consumer loans increased by 47% or nearly P2 billion to P5.0 billion from P3.5 billion.

UCPB expects to be able to tap growth opportunities in the middle and consumer markets to keep the momentum going. The new government deposits and the conversion of the PDIC loans into Tier 1 capital-eligible capital notes have strengthened the bank’s competitive position. The loan conversion brought UCPB’s capital to P9.4 billion at the end of March 2009 and completed the bank’s capital raising program.

Best UCPB, UCPB Savings Branches in 2008

UCPB- Tomas Mapua Branch, headed by Benjamin Tadeja, Jr. (right photo, second from left) and UCPB Savings-Libmanan Branch under Eva Dilanco (photo below, second from left) took the top honors among the branches in separate rites held recently to recognize and reward the best performing units and individuals in 2008. Forty-four other UCPB branches, one head office unit and 10 associates also received recognition. For UCPB Savings, five other branches, one head office unit and 37 associates garnered performance awards.

UCPB Chief Compliance Officer
Re-elected ABCOMP Director

Members of the Association of Bank Compliance Officers of the Philippines (ABCOMP) re-elected recently UCPB vice president and chief compliance officer Frank Capalongan to the organization's 15-man board of directors and as vice president. He was also appointed chair of ABCOMP Education Committee. Mr. Capalongan is a founding member of ABCOMP.

Established in 1998 following the Asian financial crisis, ABCOMP seeks to strengthen the Philippine banking sector's adherence to banking laws, rules, regulations and global prudential and transparency standards. Its members consist of bank compliance officers of 65 universal banks, commercial banks and thrift banks.

ABCOMP has spearheaded the formulation and adoption by local banks of a Code of Corporate Governance and Compliance and anti-money laundering programs.

UCPB Chief Compliance Officer
Frank Capalongan

UCPB Iloilo Associates Donate Blood to Red Cross

Associates from three UCPB branches in Iloilo City – Iznart, Jaro and Ledesma – set aside one Saturday morning recently for a good cause. They donated blood to the Philippine National Red Cross. This is the second straight year that the Iloilo associates have taken part in this civic activity. UCPB supports many social causes and encourages the bank associates to get involved in community work.

110 UCPB-CIIF Scholars Complete College Courses
2 with Magna Cum Laude, 16 with Cum Laude Honors

One hundred ten UCPB-CIIF scholars, who are children of small coconut farmers and farm workers, graduated recently from different state colleges and universities in coconut growing provinces. Two of them completed their courses with magna cum laude honors and 16 others with cum laude honors.

The magna cum laude graduates are Aubrey Anatacio of Negros Oriental, who earned her Bachelor of Science in Forestry from the Negros Oriental State University and Mylene Payusan of Lanao Del Norte, who finished her Bachelor in Elementary Education, major in English, from the Mindanao State University - Iligan Institute of Technology.

The cum laude graduates are Mariel Veronica Madrid of Camarines Norte

Magna cum laude graduate Aubrey Anatacio (top, middle) with her proud parents; Magna cum laude graduate Mylene Payusan (left)

(Bicol U); Kirstina Noves of Quezon Province (Southern Luzon State U); Emmanuel Tresvalles of Aurora (Central Luzon State U); Junind Mae Camarillo of South Cotabato (MSU-Gen San); Christine Jean Castilla of Lanao del Norte (MSU-IIT); Maria Teresa Oriño II of Misamis Occidental (MSU-Marawi); Jazpher Mangubat and Manilyn Madriaga (MSU-Marawi), Junpel Acut (MSU-Naawan) of Misamis Oriental; Rose Ann Obenque of Compostella Valley (MSU-Marawi); Sherylyn Sugian (MSU-Marawi), Jovelle Costuya (MSU-Marawi) and Welbert Ortua (MSU-Naawan) of Surigao del Sur; Warren Caños of Camiguin (MSU-Marawi); Cynthia Tejada of Surigao del Norte (MSU-Naawan); and Rose Grace Guias of Agusan del Norte (MSU-Marawi).

The UCPB-CIIF Foundation, which administers the program, has awarded a total of 920 scholarship grants of which 572 were for college courses and 348 for vocational-technical courses. Including the recent graduates, 239 scholars have completed their college education while 256 scholars have finished their 12 to 18 months vocational-technical courses.

Scholars who have completed their course on Integrated Farming Technology from Don Bosco Training Centers are teaching organic farming techniques to various cooperatives. Close to 400 coconut farmers have so far been trained in Visayas and Mindanao.

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