In the statement made by the Bangko Sentral ng Pilipinas (BSP), Philippine financial institutions such as Banks will be able to stand the effects of the pandemic due to its cost-effective, efficient and conservative practices. UCPB Savings Bank (USB) remained committed to its purpose of maintaining a personal and proactive service by modifying and balancing its business operations to be able to address the financial needs of its clients and comply with the Bayanihan to Heal as One Act law, while providing necessary measures to administer sufficient cushion in this time of crisis and ensure business continuity.
“By converting our strategically located lending offices to branch-lite units, the rural communities we serve will be provided with more basic banking services. Instead of being limited to just serving their credit needs, we can now also service their deposit requirements. We are pursuing this strategy in line with our vision of being a ‘catalyst for financial inclusion’. This gives us the opportunity to provide our target market with the products and services they need, and growing our deposit and loan base at the same time.”
UCPB Savings Bank President Lizette Margaret Mary J. Racela said.
True to this commitment, the pandemic did not stop the Bank to open 2 new Branch lites and 1 regular Branch.
June 18, 2020. Calbayog Lending Office has relocated to Gandara, Samar to offer not just loan services but a wide array of lending and banking products. USB Gandara Branch Lite, is conveniently located at Maharlika Highway, Barangay Adela Heights, Gandara, Samar. The Gandareños expressed their appreciation that finally a Branch Lite has opened in their Municipality. Now, an ATM will be accessible and a wider bank product can be enjoyed.
June 25, 2020. USB Orion Branch Lite, formerly Balanga Lending Office, opened its door not only to the 23 Barangays of Orion, Bataan, but to its neighboring municipalities such as Pilar and Limay, and to the City of Balanga. Inquiries pertaining to banking hours, products, services and requirements for the opening of savings account and loan application flooded the Branch on its first day of operation. As the establishment is equipped with modern amenities, many clients can now enjoy the convenience of doing bank transactions through the ATM. Orion Branch Lite is located at Stall No. 31, National Road, Barangay Arellano.
Branch-lite unit operates like a small branch which accepts basic bank transactions such as deposits, withdrawals, loan applications, and offers non-complex products and services. This is in line with the Bangko Sentral ng Pilipinas (BSP) Circular No. 987 which allows banks to establish branch-lite units through affordable licensing fees than an actual branch. Through branch-lite units, BSP aims to promote greater access to efficient and competitive banking services through the adoption of regulatory framework that provides banks with flexibility to execute their strategies and enables them to innovate in line with their business model.
June 29, 2020. The banking experience in the Egg Capital of the Philippines- San Jose, Batangas will never be the same again. USB San Mateo Branch relocated to more than 100 kms to share its personal and proactive service to San Jose, and the people of Lipa, Ibaan, Batangas City and San Pascual, Cuenca and Alitagtag; aside from its 33 Barangays. During soft opening, large volume of clients opened savings accounts. The Branch is located at Makalintal Avenue, Cor. Dr. Ona St., accessible to the clients who stated that it has a nice ambiance and friendly staff. To ensure a good service, USB San Jose offers all products and services of a regular Branch and is equipped with modern amenities and an ATM.
