Bank of the Philippines and Overseas Filipino Bank. Later in 2020, the Philippine government dropped the privatization plans of the bank by further raising its stake of ownership from 75% to 97%, thus resulting furthermore for UCPB in becoming as a state-owned and controlled bank. Merger with LandBank On June 25, 2021, President Rodrigo Duterte signed an Executive Order No. 142 to merge Land Bank of the Philippines with the UCPB, with the former as the surviving entity. Subsidiaries and affiliates Subsidiaries of UCPB are the following: UCPB Leasing and Finance Corporation UCPB Savings Bank UCPB Securities, Inc. Competition Due to its position as a universal bank, UCPB competes primarily against major Philippine banks like Metrobank, Banco de Oro, EastWest Bank, BPI, Land Bank of the Philippines and PNB. As a state controlled bank, it joins the league in competition with other government banks - Development Bank of the Philippines, Land Bank of the Philippines and Overseas Filipino Bank. See also List of banks in the Philippines MegaLink BancNet References External links Official UCPB−United Coconut Planters Bank website Businessmirror.com.ph: "UCPB expects 15% increase in net income next year" Philstar.com: "UCPB Income up 18% in Q1" (2013) Philstar.com: "UCPB Corporate Life Extended" (2012) Inquirer.net: "Gov’t set to bid out stake in UCPB" Inquirer.net: "Bank ordered to pay P1B to client over fraudulent loan" (2008) Gmanews.tv: "Former GMA Network exec elected UCPB chair" Banks of the Philippines Companies based in Makati Presidency of Ferdinand Marcos Banks established in 1975 Philippine companies established in 1975 Banks disestablished in 2022 2022 disestablishments in the Philippines