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UCPB has opened five new branches in February as part of its efforts to expand its service delivery network.
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UCPB reached out to the victims of Typhoon Sendong in Iligan and Cagayan de Oro City in January by distributing 2,000 bags of relief goods to help them cope with their day-to-day lives at the evacuation center.
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Soon UCPB clients can do their banking transactions using their mobile phone while they're busy shopping or out on the road doing errands with the new UCPB Mobile Phone Banking.
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UCPB's Unit Investment Trust Funds (UITF) generated higher rates of return on clients' investments in 2011 amid a volatile market compared to industry benchmarks such as the Philippine Stock Exchange Index (PSEi) and HSBC Money Market Index (HSBCMMi).
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UCPB's Income Soars 20% to P2.25 B at the end of September
UCPB earned close to a billion pesos or P912 million in the third quarter to jack up its total profits in the first three quarters of the year to P2.25 billion, 20 percent higher than the P1.88 billion in the same period last year.

With still a full quarter to go, the bank will likely surpass its P2.4-billion full-year income in 2010 by double-digits.

The robust expansion of the loan portfolio and the strong performance of the subsidiaries in the nine months to September boosted the bank’s earnings during the period.

Earnings from loans jumped by 20 percent as the bank expanded its portfolio by P7.74 billion or 18 percent to P51.67 billion at the end of the third quarter of 2011, from P43.93 billion a year ago, on the back of sustained deposit growth.

UCPB took advantage of the continued strong demand for end-user financing for mid-range residential homes and passenger cars in Metro Manila and the key cities in the provinces to increase consumer loans by 34 percent, from P10.44 billion to P13.99 billion.

The bank’s commercial loans registered hefty growth as well, rising by 13 percent, from P33.46 billion to P37.71 billion on account mainly of new clients.

Deposits, which funded the loan expansion, increased by nearly P10 billion to P146.38 billion from P136.55 billion. More than two-thirds of the incremental deposits generated during the period were low-cost current account and savings account.

Meanwhile, UCPB’s subsidiaries posted combined earnings of P308.42 million in the first three quarters of the year, higher than the P287.32 million in the same period last year. The bank’s main subsidiaries are UCPB Savings Bank, UCPB Finance and Leasing Corp. and UCPB Securities.

The renovation of UCPB's branches has raised the bank's market visibility, boosting business generation.
 
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