Tuesday, 3 August 2010

UCPB’s 6-month profit soars 238%

Written by Erik dela Cruz
Business Mirror
http://www.businessmirror.com.ph/index.php?option=com_content&view=article&id=28360:ucpbs-6-month-profit-soars-238&catid=25:bankingandfinance&Itemid=61

THE United Coconut Planters Bank (UCPB) said on Monday its first-half profit soared 238 percent to P1.14 billion, putting it on track to achieving its 2010 targets.

It previously reported a net income of P576 million in the first quarter. It made a profit of P1.6 billion last year, recovering from losses in the previous years, after the government injected P30 billion in fresh capital into the bank.

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