Address: 18th Floor, UCPB Building, 7907 Makati Avenue, Makati City.
Supervising Agency:
Parent GOCC:
GOCC Type: Non-chartered GOCC
History
UCPB Savings Bank, Inc. (the “Bank”) is a domestic savings bank, incorporated on October 18, 1962 to provide services such as deposit-taking, loans and domestic fund transfers.
**
The Bank is a 97.4%-owned subsidiary of United Coconut Planters Bank (UCPB). The Bank is the surviving entity of a merger with UCPB Rural Bank, Inc (URB), another subsidiary of UCPB, on December 29, 2005. URB was incorporated in the Philippines on August 2, 1990 to engage in the business of extending credit to the small farmers and tenants, and to rural industries or enterprises, to accept deposits and transact business which may legally be done by rural banks. The said merger was approved by the Securities and Exchange Commission (SEC) and Bangko Sentral ng Pilipinas (BSP) on January 5, 2006 and November 5, 2005, respectively.
**
As a banking institution, the Bank’s operations are regulated and supervised by the BSP. In this regard, the Bank is required to comply with the rules and regulations of the BSP such as, among others, relating to adoption and use of safe and sound banking practices. The Bank currently operates 48 Branches likewise has 15 Branch-lite nationwide.
**
The Bank’s registered principal address is at 18th Floor, UCPB Building, 7907 Makati Avenue, Makati City. **
Mission
We continue to strengthen our partnership with our customers by innovating products that suit their needs and providing effective and efficient personalized services that exceed expectations.
We nurture a culture of integrity, professional discipline, excellence, leadership, and foster social responsibility among our associates.
We exercise prudence in managing the Bank’s resources and deliver proper financial returns to our shareholders.
Vision
To be the Bank of choice in the communities we serve and be a catalyst for financial inclusion.
Core Values
I- INTEGRITY L- LEADERSHIP & LOYALTY E- ESPRIT DE CORPS A- ALTRUISM P- PASSION FOR EXCELLENCE/ PROFESSIONAL DISCIPLINE
Disclaimer: All data presented above are submitted and provided by the respective GOCC as of under GCG Memorandum Circular 2014-02.
| No results found |
For questions and clarifications, your Office may coordinate with the Selection and Nomination Division (SND) of the Corporate Standards Office (CSO) at the telephone number (02) 5328-2030 / (02) 5328-1000 locals 309, 322, 320 and 450 or email at .
Enabling Law
Articles of Incorporation and By-Laws
- By-Laws
- Article of Incorporation
Disclaimer: All data presented above are submitted and provided by the respective GOCC as of under GCG Memorandum Circular 2014-02.
Performance Scorecard:
- 2022
- 2019 (tagged as not applicable)
- 2018 (tagged as not applicable)
- 2017 (tagged as not applicable)
- 2016 (tagged as not applicable)
- 2015 (tagged as not applicable)
- 2014 (tagged as not applicable)
- 2013 (tagged as not applicable)
Validated Performance Scorecard:
- 2019 (tagged as not applicable)
- 2018 (tagged as not applicable)
- 2017 (tagged as not applicable)
- 2016 (tagged as not applicable)
- 2015 (tagged as not applicable)
- 2014 (tagged as not applicable)
- 2013 (tagged as not applicable)
-
Flashcards
-
Learn
-
Test
-
Match
-
Flashcards
-
Learn
-
Test
-
Match
Terms in this set (73)
Students also viewedSets found in the same folderOther sets by this creatorVerified questions
finance
Suppose you manage Outward Bound, Inc., a Vermont sporting goods store that lost money during the past year. To turn the business around, you must analyze the company and industry data for the current year to learn what is wrong. The company’s data follow: Outward Bound, Inc. Common-Size Balance Sheet Data $$ \begin{matrix} \quad & \text{Outward Bound } & \text{Industry Average}\\ \text{Cash and short-term investments} & \text{3.0\\% } & \text{6.8\\% }\\ \text{Trade receivables, net } & \text{15.2 } & \text{11.0 }\\ \text{Inventory} & \text{64.2 } & \text{60.5 }\\ \text{Prepaid expenses } & \text{1.0 } & \text{0.0 }\\ \text{Total current assets} & \text{83.4\\% } & \text{78.3\\% }\\ \text{Fixed assets, net } & \text{12.6 } & \text{15.2 }\\ \text{Other assets } & \text{4.0 } & \text{6.5 }\\ \text{Total assets} & \text{100.0\\%} & \text{100.0\\%}\\ \quad & \quad & \quad\\ \text{Notes payable, short-term, 12\\% } & \text{17.1\\% } & \text{14.0\\% }\\ \text{Accounts payable } & \text{21.1 } & \text{25.1 }\\ \text{Accrued liabilities } & \text{7.8} & \text{7.9}\\ \text{Total current liabilities } & \text{46.0 } & \text{47.0}\\ \text{Long-term debt, 11\\% } & \text{19.7 } & \text{16.4}\\ \text{Total liabilities } & \text{65.7 } & \text{63.4}\\ \text{Common stockholders’ equity } & \text{34.3 } & \text{36.6}\\ \text{Total liabilities and stockholders’ equity} & \text{100.0\\%} & \text{100.0\\%}\\ \end{matrix} $$ Outward Bound, Inc. Common-Size Income Statement Data $$ \begin{matrix} \quad & \text{Outward Bound } & \text{Industry Average}\\ \text{Net sales } & \text{100.0\\%} & \text{100.0\\%}\\ \text{Cost of sales } & \text{ (68.2) } & \text{ (64.8)}\\ \text{Gross profit} & \text{ 31.8 } & \text{35.2}\\ \text{Operating expense } & \text{(37.1) } & \text{ (32.3) }\\ \text{Operating income (loss) } & \text{(5.3)} & \text{ 2.9 }\\ \text{Interest expense } & \text{(5.8) } & \text{ (1.3) }\\ \text{Other revenue } & \text{1.1} & \text{ 0.3 }\\ \text{Income (loss) before income tax } & \text{ (10.0) } & \text{ 1.9}\\ \text{Income tax (expense) saving } & \text{4.4 } & \text{ (0.8) }\\ \text{Net income (loss)} & \text{ (5.6)\\%} & \text{ 1.1\\%}\\ \end{matrix} $$ On the basis of your analysis of these figures, suggest four courses of action Outward Bound might take to reduce its losses and establish profitable operations. Give your reason for each suggestion. (Challenge)
Verified answer
finance
Harrison Forklift’s pension expense includes a service cost of $10 million. Harrison began the year with a pension liability of$28 million (underfunded pension plan). Required: Prepare the appropriate general journal entries to record Harrison’s pension expense in each of the following independent situations regarding the other components of pension expense ($in millions): 1. Interest cost,$6; expected return on assets, $4; amortization of net loss,$2. 2. Interest cost, $6; expected return on assets,$4; amortization of net gain, $2. 3. Interest cost,$6; expected return on assets, $4; amortization of net loss,$2; amortization of prior service cost, $3 million.
Verified answer
Recommended textbook solutions