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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CBS expands digital lending to DepEd staff via PLDT, Samsung tie-up

China Bank Savings (CBS) is bolstering its field-based lending services for Department of Education (DepEd) teachers and non-teaching employees through a strengthened collaboration with PLDT Enterprise and Samsung Electronics Philippines.

BSP links MSMEs to more funding sources at forum

The Bangko Sentral ng Pilipinas (BSP) brought micro, small, and medium enterprises (MSMEs) closer to banks and lenders through the MSME Financing Forum held at its main office on September 11, 2026.

Workplace flu shots seen cutting business productivity losses

Businesses are being urged to expand workplace influenza vaccination as a relatively low-cost way to reduce employee absences, healthcare expenses, and productivity losses from preventable illness.

US expects Luzon corridor projects to outlast Marcos

The US expects Luzon Economic Corridor (LEC) investments to continue beyond the Marcos administration, saying long-term infrastructure projects should survive political transitions and keep delivering economic benefits.

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