UnionBank to inject up to $15.96m into subsidiary City Savings Bank
The infusion is subject to regulatory approvals.
Union Bank of the Philippines is infusing an additional capital of up to $15.96m (PHP1b) in City Savings Bank, Inc., a subsidiary of the bank.
UnionBank’s board of directors approved the capital infusion in a meeting on 28 August 2026.
In a bourse filing, the Philippine-based bank said that it expects the capital to support City Savings Bank’s growth and ongoing business operations.
The infusion is subject to applicable regulatory approvals.
(US$1 = PHP62.68, as of 2 September 2026)