UnionBank
UnionBank of the Philippines is the country's ninth largest bank by assets. UnionBank is a joint consortium among the Aboitiz Group, Insular Life and the Social Security System.
BSP makes $15.9m capital rule mandatory for banks shifting to digital model
BSP makes $15.9m capital rule mandatory for banks shifting to digital model
The BSP also opened the door to new digital bank licenses and license conversions.
UnionBank to inject up to $15.96m into subsidiary City Savings Bank
The infusion is subject to regulatory approvals.
Philippine HNWIs top APAC on preservation goals but lag on succession
Maintaining family unity and shared values is one of their top priorities, the study found.
UnionBank posts 113% profit surge to $111.76m in H1
Net interest income grew 8% and non-interest income rose 12% during the period.
IFC puts $100m into UnionBank to fund MSMEs and green projects
UnionBank plans to grow and diversify its sustainability assets.
UnionBank hits 2 million credit cards in circulation
It also claims the highest Visa credit payment volume among Philippine banks in 2025.
UnionBank enables real-time cash deposits at 2,100 ECPay kiosks
The 2,100 ECPay kiosks can deposit up to $161 per transaction.
Union Bank of the Philippines’ net income doubles to $62.69m in Q1
It noted some trading losses associated with the Iran conflict, however.
UnionBank names Gauraw Srivastava as wealth head and EVP
Srivastava was previously head of private banking at Vietnam’s VPBank.
UnionBank rolls out payroll account opening solution
Employees can open accounts by scanning a QR code.
UnionBank offers 0% installment plans in Ikea for credit card holders
For a minimum spend, cardholders can avail a 0% installment plan for 3 months.
UnionBank, INSEAD launch program for relationship managers
Selected UnionBank RMs have already undergone a two-day training.
UnionBank of the Philippines rolls out pilot for easier retirement account opening
Users can now open PERA accounts using their bank or e-wallet data.
Union Bank of the Philippines hires senior officers for compliance
A new relationship manager has also been appointed.
UnionBank opens new branch in Cebu City’s Aboitiz Corporate Center
This is the Philippine bank’s 200th branch in the region.
Union Bank of the Philippines appoints five senior officers
One is senior vice president, two are VPs, and two are assistant VPs.
Top Philippine banks’ strong capitalisation, liquidity a buffer for macro risks
Provisioning costs are expected to remain elevated as they expand their consumer loan books.
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