Tag: UnionBank

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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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Marcos Jr. targets lower electricity rates through nuclear power push and system loss charge cuts

President Ferdinand Marcos Jr. highlighted major energy reforms during his State of the Nation Address, focusing on adopting nuclear energy and removing system loss charges from electricity bills.

ACEN turns Zambales into major renewable energy hub 

ACEN Corporation is developing Zambales into one of the country’s largest renewable energy hubs, with nearly one gigawatt of solar and battery storage capacity. Once fully operational, these projects will generate enough clean power for 340,000 households and cut fossil fuel dependence. Around 450 megawatts are already running, with the rest set to be finished by 2027, alongside new battery systems to ensure steady power supply and grid stability.

Socoteco II members back proposed joint venture with IGNITE Power ahead of public vote

Members of the South Cotabato II Electric Cooperative (Socoteco II) have voiced strong support for a proposed partnership with IGNITE Power aimed at upgrading power services across the region, officials confirmed.

Marcos pushes EPIRA overhaul to lower electricity costs

President Ferdinand Marcos Jr. on Monday called for an immediate overhaul of the Electric Power Industry Reform Act (EPIRA), making lower electricity prices a centerpiece of his energy agenda while betting on natural gas, hydrogen and nuclear power to strengthen the country's long-term energy security.

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