No intent to bid for UCPB–BPI

IN RELATION to the article “Banks, private equity firms eye stake in UCPB” (Business, 6/19/15), Bank of the Philippine Islands wishes to clarify that it has not submitted any application to the Privatization and Management Office.

In addition, BPI has not expressed any intention to purchase or bid for the government’s stake in United Coconut Planters Bank or any of its shares.

—RICH D. MANALAD,

PR and corporate communications,

Bank of the Philippine Islands,

[email protected]