IFC puts $100m into UnionBank to fund MSMEs and green projects

UnionBank plans to grow and diversify its sustainability assets.

The International Finance Corporation (IFC) has subscribed to $100m worth of sustainability bonds issued by the Union Bank of the Philippines.

UnionBank plans to use the proceeds to provide loans to micro, small, and medium enterprises (MSMes) as well as for sustainability-related projects, the Philippine-based bank said in a statement on 15 July 2026.

UnionBank laid out plans to use the proceeds to grow and diversify its sustainability assets, including renewable energy, energy efficiency, or green buildings.

This is UnionBank’s second collaboration with the IFC. In 2021, the IFC invested in UnionBank’s first social bond. UnionBank said that it used the 2021 proceeds to finance over 3,000 loans to MSMEs that have been impacted by the COVID-19 pandemic.

IFC has been providing technical support through its 30 by 30 Zero Program to help UBP diversify its portfolio to include new eligible sectors or segments and identify sustainability-related financing opportunities.