Tag: UnionBank

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UnionBank profit rebounds in 2H

Banking & Insurance Context.ph Context.ph -
Union Bank of the Philippines, the country’s 10th largest lender by asseets, closed 2025 with net income of P10.0 billion, as second half earnings more than doubled, rising 108 percent from the first half. The rebound was driven largely the bank’s lending activity, including the acquired Citi consumer business, which gained traction through the year.

UnionBank net profit surges in 3Q

Banking & Insurance Context.ph Context.ph -
Union Bank of the Philippines (UnionBank), the country’s 10th largest lender by assets, posted a third-quarter net income of P3.2 billion, a 77 percent...

UnionBank to inject P1.5B into CitySavings

Banking & Insurance Context.ph Context.ph -
Union Bank of the Philippines, the banking arm of the Aboitiz Group, has approved a capital infusion of up to P1.5 billion into its thrift bank subsidiary, City Savings Bank Inc. (CitySavings), to support the latter’s continued expansion and operational needs.

UnionBank fintech unit CEO resigns, transition plan underway

Corporate Context.ph Context.ph -
UBX Philippines, the fintech subsidiary of Union Bank of the Philippines, said that its president and chief executive officer John Januszczak has resigned, effective June 16, 2025. 

UnionBank launches P10B bond offer

Banking & Insurance Context.ph Context.ph -
Union Bank of the Philippines, the country’s 9th largest lender by assets, began the public offering on Wednesday of its latest debt securities—aiming to raise at least P10 billion to support funding needs.
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BSP projects August inflation up to 6.5 % 

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The Bangko Sentral ng Pilipinas expects headline inflation for August 2026 to settle between 5.5 and 6.5 percent, outlining a persistent trajectory above official targets despite recent monetary tightening. According to the central bank, upward pressures on consumer prices during the month are driven primarily by higher costs for rice, vegetables, fruits, and fish, which have been exacerbated by unfavorable weather conditions alongside elevated domestic fuel prices.

GCash, Taptap Send team up for easier, fee-free remittances for OFWs

Communications & Technology 0
GCash has partnered with Taptap Send to streamline remittance services for overseas Filipino workers (OFWs) in Bahrain, with plans to roll out across key markets including the United States, Canada, and the United Kingdom.

Japan’s Endo bids farewell to Marcos Palace, receives Order of Sikatuna for deepening PH-Japan ties

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Outgoing Japanese Ambassador ENDO Kazuya paid a farewell call on President Ferdinand R. Marcos Jr. and First Lady Louise Araneta Marcos at Malacañang Palace today, marking the close of his diplomatic posting with warm exchanges and a top state honor.

Philippine trade deficit widens sharply in July

Trade & Investments 0
The Philippines’ trade deficit widened sharply in July as imports continued to outpace exports, with the country’s merchandise trade gap expanding by nearly 35 percent from a year earlier, according to the Philippine Statistics Authority.

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