Saturday, February 10, 2018

Union Bank of the Philippines, Inc. (UBP)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Union Bank of the Philippines, Inc. (UBP)
Sector
Financials
Incorporation Date
Aug 16, 1968
Subsector
Banks
Number of employees
3,042 (Group Total)
Board of Directors
Chairman: Justo A. Ortiz, Vice chairman: Jon Ramon M. Aboitiz
Website / E-mail
http://www.unionbankph.com / macalino@unionbankph.com
2. Stock Information
Total Assets
549,397,002,000
Market Capitalization
91,705,501,447.85
Total Liabilities
477,418,091,000
Outstanding Shares
1,058,343,929
Retained Earnings
54,267,459,000
Listed Shares
1,058,343,929
Listing Date
Jun 29, 1992
Issued Shares
1,058,343,929
Board Lot
10
Free Float Level (%)
30.62%
Par Value
10.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
ABOITIZ EQUITY VENTURES, INC.
THE INSULAR LIFE ASSURANCE CO., INC.
49.69%
16.21%
4. Company Descriptions and Business Development
Notes
1. Related companies: AEV, AP
2. Justo A. Ortiz is a second cousin of Erramon I. Aboitiz, Sabin M. Aboitiz, Jon Ramon M. Aboitiz and Luis Miguel O. Aboitiz.
Overview
As a universal bank, it provides broad range of products and services. It has 304 branches as of 2016.

Business
Revenue contribution in 2016
Consumer Banking
Coporate
Treasury
Headquarters
12,899
4,291
7,059
1,075
51%
17%
28%
4%


Consumer Banking
Corporate and Commercial Banking
Treasury includes foreign exchange and fixed income trading and investments and derivatives.
Headquarters includes corporate management, support and administrative units.
Business Development
2018: CSB acquired 66.27% of Philippine Resources Saving Bank (PR Savings) from Ropali Group. PR Savings has 46 branches and 56 banking offices mostly in Luzon.

Subsidiaries / Associates / Affiliates / Joint Ventures
City Savings Bank, Inc. (CSB, 99.73%) is a thrift bank specializing in granting teacher’s loans under the Department of Education’s Automatic Payroll Deduction System.
Union Properties, Inc. (UPI, 100%)
UBP Securities, Inc. (UBPSI, 100%)
UBP Insurance Brokers, Inc. (UBPIBI, 100%)
Interventure Capital Corporation (IVCC, 60%)

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