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.
UnionBank posts 113% profit surge to $111.76m in H1
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.
UnionBank raises $282.5m in fixed rate bonds
It plans to use the proceeds to extend term liabilities, expand funding base, etcetera.
Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loans
Its problem loan ratio is expected to remain at the 6% to 7% range in 2025.
UnionBank strengthens climate risk strategies with adaptive financing
The bank offers loan restructuring, pop-up banking for disaster-hit communities.
Thought Leadership Centre
Most Read
1. The financing challenge behind Asia’s wealth transfer 2. OCBC Hong Kong builds executive coaching pool for staff 3. ShopBack and Visa expand tie-up to 20,000 Singapore physical stores 4. OCBC loan growth to moderate in H2 as deal loans fade: RHB 5. DBS names Ng SIer Han as next CEO of DBS Hong KongResource Center
Read Here
Advertise
Sign Up
Event News
The payment terminal was never the destination; for Payment Asia, it was always the starting point.
Commentary
Why trust in Asian banking increasingly gets built off the record
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part
The financing challenge behind Asia’s wealth transfer
Banks need to rethink identity governance for AI agents
From stablecoins to sovereignty: The rise of trust-based digital dollar systems
Indonesia’s banks need faster fraud decisions as digital payments grow
China’s leasing giants are growing up — and Asia’s banks can’t look away
Adapting to change with confidence
Asia plays part in $129t global credit market pool