needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . january 2014 learn how and when to remove this template message united coconut planters bank type private industry finance and insurance founded manila philippines 1963 headquarters makati philippines key people menardo r. jimenez chairman jeronimo u. kilayko president and ceo 1 products financial services net income p3 .73 billion php 2012 3 number of employees 2 883 2 website www.ucpb.com the united coconut planters bank more popularly known by its initials ucpb or by its old name cocobank is one of the largest banks in the philippines ranking within the top twenty banks in the philippines in terms of assets . it is one of two universal banks not listed on the philippine stock exchange the other being allied bank . the bank owing to its name caters heavily to coconut farmers but also serves a wide ranging clientele . contents 1 history 2 subsidiaries and affiliates 3 competition 4 see also 5 references 6 external links history edit the last incarnation of the original logo of ucpb which lasted from the 1980s until 2009 . ucpb started on may 15 1963 as first united bank philippines . with only four branches at the time it was a small commercial bank . 3 ucpb s origin can be found in presidential decree 775 or p.d. 775 where president ferdinand marcos in july 29 1975 instructed the philippine coconut authority pca to formulate and recommend for adoption credit policies affecting production marketing and processing of coconut and other palm oils and to provide readily available credit facilities to the coconut farmers at preferential rates . 4 the pca headed by juan ponce enrile then purchased the 72.2 percent of first united bank owned by jose cojuangco . 5 cocobank was the official short bank name in the 1980s and the early 1990s . in 1990 ucpb along with equitable banking corporation now banco de oro universal bank philippine national bank and the far east bank and trust company now the bank of the philippine islands formed megalink one of the three main interbank networks in the philippines . however ucpb s atm services date back to the 1980s when it was one of the first financial institutions to offer atm services . it established its pre need services arm cocoplans in 1993 . the bank is also heavily involved in social development projects and other charity works . today ucpb is one of the largest philippine banks with 188 branches and 279 atms nationwide . it is also the only universal bank to have a rural banking subsidiary although this has since been merged into its thrift banking operations since late 2005 . in november the last quarter of 2015 ucpb is now a proud member of bancnet . subsidiaries and affiliates edit ucpb savings bank inc. branch in lucban quezon subsidiaries of ucpb are the following ucpb leasing and finance corporation ucpb savings bank ucpb securities inc. competition edit due to its position as a universal bank ucpb competes primarily against major philippine banks like metrobank banco de oro east west unibank bpi land bank of the philippines and philippine national bank . see also edit list of banks in the philippines megalink bancnet references edit http www.ucpb.com ucpb board of directors.php http www.ucpb.com ucpb pdf files ucpb 2011 annual report web.pdf 1 2 panesa edmer f. cojuangco loses claim to ucpb block . manila bulletin . mb.com.ph . retrieved 2007 12 04 . external links edit ucpb website ucpb expects 15 % increase in net income next year ucpb income up 18 % in q1 ucpb corporate life extended gov t set to bid out stake in ucpb bank ordered to pay p1b to client over fraudulent loan . former gma network exec elected ucpb chair v t e banks in the philippines bangko sentral ng pilipinas universal banks asia united bank bdo bpi chinabank eastwest bank metrobank pnb philtrust psbank rcbc security bank unionbank ucpb government banks al amanah islamic investment bank of the philippines dbp landbank postalbank commercial banks bank of commerce chinatrust citibank hsbc maybank pbcom robinsons bank standard chartered bank veterans bank thrift banks bpi direct savings bank china bank savings citystate equicom philippine business bank plantersbank security bank savings other banks cooperative banks rural banks defunct allied bank merged with pnb banco filipino equitable pci bank merged with bdo retrieved from https en.wikipedia.org w index.php title united coconut planters bank & oldid 738240129 categories banks of the philippinescompanies based in makatihidden categories articles needing additional references from january 2014all articles needing additional referencespages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main 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