Tag: UnionBank

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UnionBank net profit surges in 3Q

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

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

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

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.

UnionBank techs up Tagbilaran Bohol MSMEs with PalengQRPH

Aboitiz-owned Union Bank of the Philippines (UnionBank) continues to support micro, small, and medium enterprises (MSMEs) by joining the launch of PalengQRPH at the Tagbilaran Market in Tagbilaran City, Bohol.

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ECOP urges regions to resist copying NCR wage hike

The Employers Confederation of the Philippines (ECOP) has cautioned regional wage boards against automatically following Metro Manila's latest minimum wage increase, arguing that wage adjustments should reflect local economic realities rather than establish a nationwide template.

Gov’t appeals SC ruling barring mandatory vessel tracking system 

The Department of Agriculture and the Bureau of Fisheries and Aquatic Resources are taking steps to save a key tool used against illegal fishing after a recent Supreme Court ruling. The high court recently declared Fisheries Administrative Order No. 266 unconstitutional, effectively striking down the requirement for commercial fishing vessels to install tracking devices and submit electronic catch reports.

Fuel prices roll back this week as PH supply improves

The Department of Energy (DOE) confirmed an across-the-board fuel price rollback starting August 3, ending five consecutive weeks of increases.

VinFast expands battery swapping to drive Philippine EV adoption

Vietnamese electric vehicle maker VinFast is accelerating its push into the Philippine market by rolling out 21 motorcycle showrooms alongside a nationwide battery-swapping network, betting that convenience, rather than vehicle technology alone, will determine how quickly Filipinos embrace electric two-wheelers.

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