Tag: UnionBank

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UnionBank profit rebounds in 2H

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

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.

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Metrobank ranks #1 in both local and G3 bonds at The Asset Benchmark Research Awards 2026

Metropolitan Bank & Trust Co. (Metrobank) has clinched first place among Philippine banks and securities firms in both the Local Currency Bonds and G3 Bonds categories of The Asset Benchmark Research Awards 2026, affirming its leadership across domestic and international bond markets.

Gov’t seeks funds for more LRT-2 trains; alternative bus service proposed to ease commuter woes

The Department of Transportation (DOTr) and the Light Rail Transit Authority (LRTA) are actively looking for funding to buy additional trainsets for LRT Line 2, a key move aimed at cutting down long lines that have formed at stations as passenger numbers keep growing. Right now, only eight trainsets are running on the line—one is having its Train Operating Control Panel upgraded, while another remains under repair—creating a gap between what commuters need and what the system can provide.

Kaban bets P3B on Boracay tourism future

BORACAY ISLAND, Aklan—Boracay already has the white sand, turquoise waters, and postcard sunsets. Kevin Wong is betting billions of pesos that it can offer visitors something more, and persuade them to stay longer while opening their wallets a little wider.

Philippines keeps 6.4M tourist arrivals target amid travel headwinds

The Philippines is maintaining its target of 6.4 million international tourist arrivals in 2026, banking on stronger year-end demand and improving travel from key markets to offset rising airfares, higher fuel costs and weakening consumer sentiment.

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