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.
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...
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.
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.
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.
Crews of Manila Electric Co., or Meralco, are working round-the-clock to restore electricity in areas hit by heavy rains and flooding from the enhanced southwest monsoon, with around 49,000 customers still experiencing service interruptions as of 4 p.m. Sunday.
The Department of Agriculture is sharpening its strategy against the potential return of the El Niño weather phenomenon, responding directly to alerts from central bank officials that future droughts could trigger a new wave of inflation. Monetary authorities have emphasized that farm output and market prices are deeply linked, making agriculture policy a primary front in the country’s fight against rising living costs. For everyday consumers, any drop in farm production quickly turns into higher prices for kitchen staples, directly impacting household budgets.
Motorists can expect relief at the pumps this week as fuel prices are projected to fall on Tuesday, bringing an end to two consecutive weeks of increases.
The Securities and Exchange Commission (SEC) has launched a second round of public consultations on its draft memorandum circular overhauling the country’s public offering regulatory framework, aiming to boost efficiency, broaden market access, and streamline rules for debt securities.