UnionBank posts 113% profit surge to $111.76m in H1

Net interest income grew 8% and non-interest income rose 12% during the period.

UnionBank of the Philippines has posted a net income of $111.76m (PHP6.9b) in H1 2026, more than double or a 113% year-on-year (YoY) growth compared to the same period a year earlier.

Net revenue reached $698.08m (PHP43.1b) for the six-month period, up 9% YoY, supported by expansion in the bank’s consumer lending, current and savings accounts (CASA), and income fee, the Philippine bank said in its latest financial disclosure.

Net interest income grew by 8% YoY to $545.83m (PHP33.7b), supported by loan expansion, particularly that of consumer loans.

Gross consumer loans grew by 10%, led by credit cards and personal loans expanding by 18% during the six-month period.

Net interest margin improved 40 basis points (bps) to 6.9%.

Non-interest income grew 12% YoY to $152.25m (PHP9.4b), which UnionBank attributed to higher fee income from card-related fees, wealth management, bancassurance, and other everyday banking transactions.

Credit costs declined 19% YoY to$152.25m (PHP9.4b), the bank said.

(US$1 = PHP 61.74, as of 27 July 2026)