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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Aznar Shipping takes family legacy public for expansion

Aznar Shipping Corp. is taking its third-generation business to the stock market to raise capital for fleet expansion while strengthening its corporate governance for long-term growth.

Child rights group backs safety bill, flags flaws

The Child Rights Network (CRN) has welcomed the latest House of Representatives version of the Children’s Social Media and Online Gaming Safety Bill, praising lawmakers for prioritizing platform accountability over a blanket social media ban.

MAP calls zero EDSA Busway budget inexplicable

The Management Association of the Philippines (MAP) has called the proposed zero budget for the EDSA Busway “inexplicable,” warning that underfunding one of Metro Manila’s busiest mass transit systems could worsen congestion and raise costs for commuters and businesses.

Top Line names Jane Gocuan chief investment officer

Top Line Business Development Corp. has appointed veteran banking executive Jane K. Gocuan as chief investment officer, effective September 18, as the company expands its focus on investment-related activities and business development.

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