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The United Coconut Planters Bank, more popularly known by its initials, UCPB, or by its old name, Cocobank, was a government-owned bank and was one of the largest banks in the Philippines, having ranked within the top twenty banks in the country in terms of assets.
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Create account; Log in; Personal tools. Donate; Create account; ... UCPB may refer to: United Civic Party of Belarus; United Coconut Planters Bank, a defunct ...
In November of the same year, the court ruled that a 72.2% stake in UCPB was owned by the state, because they were bought using coco levy funds. [10] This included a 7.22% stake registered under Cojuangco, which he claimed had been his compensation for brokering the bank's purchase in 1975, and the sale of the remaining 64.98% stake in UCPB to ...
BancNet was founded on July 17, 1990, as the Philippines' second ATM consortium when the ATMs of eight banks, PCI Bank (later Equitable PCI Bank, now Banco de Oro), Security Bank, Chinabank, RCBC, Allied Bank (now part of PNB), Metrobank, International Exchange Bank (now part of UnionBank) and CityTrust Banking Corp. (now part of BPI) formed BancNet.
A UnionBank branch in Valenzuela. Union Bank of the Philippines, Inc., more commonly known as UnionBank, is one of the universal banks in the Philippines and the ninth largest bank in the country by assets.
In August 2018, he was appointed by President Rodrigo Duterte as part of the board of directors of United Coconut Planters Bank (UCPB). [46] He was the former president of UCPB General Insurance Company, Inc. (COCOGEN) serving from May 2019 to June 2020.
With the backing of the Marcos government and the wealth from the levy fund, Cojuangco was able to completely vertically integrate the coconut trade industry by controlling the financing through UCPB and by buying out Unicom, which was the entity in charge of manufacturing and trading of coconut and coconut by-products.