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Colegio de San Juan de Letran

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY 1

CHAPTER I
Introduction

I.1 History, Ownership, Management, Culture

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 July 1, 2016, the Bank operates 45 branches, including 1

newly-opened branch in Ormoc City.

The Bank’s registered principal address is at 18th Floor, UCPB

Building, 7907 Makati Avenue, Makati City.


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COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY 2

Organizational Structure

Figure 1.0 Board of Directors

Figure 1.1 Senior Management

Higinio O. Macadaeg, Jr.


Chairman of the Board

Ramon L. Macasaet Danilo V. Pulido


Director Director

Jose Alfonso A. Poblete Lizette Margaret Mary J. Racela


Director Director

Mao K. Andong, Jr. John B. Llamas


Director Director

I.2 Nature of Business


Product/ Services
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COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY 3

A host of savings tools are available for our Clients as we have

unique savings facilities for young individuals who want to get into the habit

of money management and for mature individuals with more sophisticated

financial requirements. USB savings deposits and term deposits are made to

cater to clienteles specific needs. We offer very competitive interest rates

and convenient packages on all our products and services.

Lizette Margaret Mary J. Racela


Here are some of UCPB Savings
President offers:
and CEO

1. Deposits Ernesto O. Olavario


Menchie E. Lagac Loans Accounting Head
Treasury Head

USB savings deposits and term deposits are made to cater to


Atty. Alexander L. Paulino Ronald B. Bugayong
clientele’s specific
Legal Services Head needs. We offer very competitive interest
Internal Audit Headrates and

convenient packages on all our products and services.


Wilfredo S. Bautista Narisa Berlin R. Duran
Information Technology Head Risk Management Head
Under Deposits they have Peso Checking Account, Peso Savings

Account,
Irene S. Time Deposits and eCash Card.
Quintana Corazon R. Gueverra
Contollership Head Commercial Lending Head

Wilfred D. Abobo Dronnel A. Espina


Branch Banking Head Human Resources Head
2. Loan Products

Alma D. Paculanan Ma. Pamela V. Suarez


USB Loan
Compliance Head Products are multi–purposeConsumer
consumerLoans
and Head
commercial

loan facilities that cater not only to individuals but also to corporate and
Wilma D. Dancel
single
Credit proprietorship
Administration Headaccounts. They have competitive interest rates and

flexible payment terms.

Loan Products is categorized into five loans such as: Salary Loan,

Real Estate Loan, Auto Loan, Commercial Loan and Business Loan.
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COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY 4

3. Cash Management

Cash Management has two segments such as Payroll Service

Arrangement and Deposit Pick-up.

Payroll Service Arrangement is a facility offered by UCPB Savings

Bank to clients who wish to have their payroll serviced by the Bank thru

account crediting. It is a disbursement system by which the salaries of the

employees are automatically credited to their deposit accounts.

Deposit Pick-up Service is an arrangement by which the Bank picks-

up deposits either in cash or in check from the client/institution’s place of

business or operations on days mutually agreed upon by them and stipulated

in the Memorandum of Agreement (MOA) on Deposit Pick-up Service.

4. Other Auxiliary Services

UCPB Savings Bank also offers different services such as: Domestic

Demand Draft, Manager’s Check, Domestic Telegraphic Transfer,

Interbranch Transaction and Safety Deposit Box.

Domestic Demand Draft (DDD) is a written order by a branch

(drawer/issuing branch) addressed to and made payable at another branch

(drawee) outside the locality of the issuing branch directing the latter to pay

a sum of money to the named payee upon presentation of the instrument.


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COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY 5

Manager’s Checks (MC) are checks drawn by the Bank upon itself

and signed by its authorized signatory/ies. Manager’s check is a direct

liability of the bank.

Domestic Telegraphic Transfer (DTT) refers to remittances of sum of

money from one branch to another through the fastest means of

communication (phone, radio, fax or e-mail).

Interbranch Transactions are deposits, withdrawals and check

encashments made at a USB Branch for credit or debit to an account

maintained with another USB Branch.

Safety Deposit Box (SDB) is a steel box with lock and key inside the

branch vault which the clients can lease to store/safekeep their important

documents.

5. Acquired Assets for Sale

Under this section, UCPB Savings Bank offers real estate properties

and automobiles through online. This is where you can choose your

preferred location and price ranges.

I.3 Current Revenue, Size, & Profit


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COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY 6

In terms of Assets, UCPB Savings Bank has a total of 18,184,000.95

pesos as of September 30, 2017 and ranked at 10th place in the Philippines

Thrift Bank Group.

I.4 Major Market Segment


UCPB Savings Bank is a subsidiary of UCPB Commercial bank and

owned by several stockholders of the company. They are also under

Government Owned and Controlled Corporations, were they are partially

owned by private and public. They conduct both commercial and non-

commercial activity.

I.5 Number of Employees


As of January 2018, approximately UCPB Savings Bank has 805

employees in the main branch.