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PCC OKs Veterans Bank’s acquisition of UCPB
The Philippine Star
|November 26, 2025
The Philippine Competition Commission (PCC) has approved the proposed acquisition by Philippine Veterans Bank of UCPB Savings Bank Inc.
In a statement yesterday, the PCC said it cleared Veterans Bank’s acquisition of 97.55 percent of UCPB Savings’ issued shares amounting to P2.7 billion.
The transaction involves a share purchase agreement dated July 8, 2025, between Veterans Bank and Land Bank of the Philippines.
Landbank serves as the ultimate parent entity of UCPB Savings, following the latter’s privatization under Memorandum Order 28 issued by President Marcos in August last year.
Landbank notified the PCC of the transaction on July 16, while Veterans Bank submitted its notification on July 24.
Dit verhaal komt uit de November 26, 2025-editie van The Philippine Star.
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