MANILA, Philippines — United Coconut Planters Bank (UCPB) has extended $13.3 million in loans to Archipelago Philippines Ferries Corp. (APFC) to finance the acquisition of two additional FastCat roll-on/roll-off (RORO) passenger ferries. The company has 12 RORO ferries serving 19 routes including Batangas, Mindoro, Sorsogon, Samar, Aklan, Panay, Cebu, Bohol, Negros Oriental, Negros Occidental, Surigao Del Norte, Camiguin, Cagayan de Oro, and Zamboanga. The company provides a vital maritime link through its safe, fast, reliable and state-of-the-art RORO vessels designed specifically for Philippine water conditions. UCPB is the country’s 11th largest bank in terms of assets with P306.33 billion. The bank booked a net income of P2 billion and revenues of P8.67 billion in the first half of the year.

Source: Philippine Star October 03, 2018 15:42 UTC