UCPB 9M Income Rises to PhP1.99B

State-controlled United Coconut Planters Bank (UCPB) posted a strong growth in net income in the third-quarter of the year due to expanded consumer loans business, fee income generation and trading gains.

In a statement, UCPB reported yesterday that its net income reached PhP1.99 billion in July to September this year, higher by nine percent compared with PhP1.83 billion in the same period last year.

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Source: Manila Bulletin

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