UCPB finalizing terms for entry of new investor

UCPB statement:

June 11 2014, Manila – The Bank would like to reiterate that it is still in the process of finalizing the terms and conditions for its recapitalization. While the bank has already received numerous expressions of interest as well as inquiries on the terms for the recapitalization from both local and foreign entities, it has not entered into any detailed discussion with nor granted access to its records to anyone. Interested parties can assess UCPB’s performance through publicly available records.

UCPB assures that the procedure of identifying and determining the number of investors who would be invited will be done in an open and transparent manner.

The recapitalization activities will be announced in due time.

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