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What is United Coconut Planters Bank mean?
The United Coconut Planters Bank, more popularly known by its initials, UCPB, or by its old name, Cocobank, is a government-controlled and one of the largest banks in the Philippines, ranking within the top twenty banks in the country in terms of assets. It is the only existing universal bank not listed on the Philippine Stock Exchange. The bank, owing to its name, caters heavily to coconut farmers, but also serves a wide-ranging clientele.
In July 2020, the Philippine government raised its stake with the bank to 97%, thus resulting for its conversion to a government controlled bank.
reference| Full Form | Category |
|---|---|
| United Coconut Planters Bank | Business |
| United Civic Party of Belarus | Governmental |
Posted on 13 Oct 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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