News
Filipino bank plans to grow ATM network by 87 percent this year
July 20, 2009
Business Mirror in the Philippines reports that United Coconut Planters Bank plans to expand its ATM network by 87 percent, adding 191 new units, to meet the demand that has built for a larger network over the last year.
In 2008, the bank's 220 ATMs handled 12.2 million transactions.
According to Business Mirror, UCPB is poised for significant growth:
 | "With a stronger capital base, UCPB had said it would be able to tap growth opportunities in the middle and consumer markets. Its loan portfolio expanded by P10 billion or 43 percent to P33.2 billion by end-March, with commercial loans increasing by 53 percent or over P7 billion to P22.8 billion. Consumer loans rose 47 percent, or nearly P2 billion to P5 billion." |  |
Related Media
Subscribe
Get the latest news and resources from ATM Marketplace.
Recent Posts
SEC accuses former ATM businessman Daryl Heller of funneling $185M from investors
Fifth Third named as top veteran friendly employer
DC AG sues Bitcoin ATM operator Athena Bitcoin for allegedly exploiting scam victims
NCR Atleos earns #5 rank in fintech rankings
SEC to revamp cryptocurrency policies amid Trump's pro crypto push
