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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. As of April 12, 2018, the Bank operates 49 branches, including 1 newly-opened branch in La Trinidad, Benguet. The Bank’s registered principal address is at 18th Floor, UCPB Building, 7907 Makati Avenue, Makati City.
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Philippines
