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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BSP honors 14 top insttutional partners at 2026 appreciation ceremony

The Bangko Sentral ng Pilipinas (BSP) on Monday recognized 14 outstanding institutional partners from its Head Office during the 2026 Outstanding BSP Stakeholders Appreciation Ceremony. The awardees were honored for their key contributions to financial inclusion, financial literacy promotion, and wider access to retirement savings via the Personal Equity Retirement Account (PERA). They also helped advance digital payments through the QR PH system and the introduction of tap-to-pay turnstiles for MRT‑3 commuters.

DPWH eyes P1.5B Taft drainage overhaul

The Department of Public Works and Highways is proposing a P1.5-billion drainage rehabilitation project for the entire stretch of Taft Avenue as the government intensifies efforts to address recurring flooding in Metro Manila’s key transport corridors.

Fuel prices drop over P4 per liter this week

The Department of Energy (DOE) confirmed fuel companies will roll back pump prices sharply this week, with cuts exceeding P4 per liter across all major products.

StB GigaFactory, BCDA explore clean energy projects

StB GigaFactory Inc. is expanding its clean-energy ambitions in the Philippines, partnering with the Bases Conversion and Development Authority to explore renewable power, battery storage, and electric mobility projects that could support the growth of next-generation industries.

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