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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US, Japan, Philippines court investors for Luzon corridor 

The US, the Philippines, and Japan will bring investors together in Manila in September as they seek to turn the Luzon Economic Corridor into a bigger magnet for private capital and strategic infrastructure projects.

Shakey’s Pizza Asia Ventures posts 12% 1H 2026 sales growth amid headwinds

Shakey’s Pizza Asia Ventures (PSE:PIZZA | SPAVI) recorded 12 percent year-on-year growth in system-wide sales to ₱13.0 billion for the first half of 2026, with consolidated revenues up 9 percent to ₱8.2 billion. Performance faced pressure from inflation and reduced consumer spending, with second-quarter same-store sales dipping one percent year-on-year though rising 4 percent sequentially.

URC launches Malvar mega plant on its 70th year

Universal Robina Corporation (URC) has inaugurated its Malvar Mega Plant in Batangas, a major step in its growth strategy and a commitment to stronger Philippine manufacturing, as the company marks its 70th anniversary.

SM: Sustainability is sound business strategy, not just social responsibility 

For years, many businesses have treated sustainability as separate from core operations. SM Investments takes a different view: sustainable practices are simply smart business decisions.

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