THE government still plans to recover its stake in United Coconut Planters Bank (UCPB), but not by privatizing the state-owned lender, Finance Secretary Carlos Dominguez 3rd said.
Dominguez told reporters late last week that the government still had a stake of “about P42 billion with them (UCPB),” but clarified that the final amount was still being checked, as it probably had grown.
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