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.
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.
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.
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.
President Ferdinand Marcos Jr.'s proposal to amend the Electric Power Industry Reform Act (EPIRA) and remove system loss charges from electricity bills is a political winner. After all, who wants to pay for power that never reaches the socket?
Air travelers will pay more for flights from August 1 to 15 after the Civil Aeronautics Board (CAB) raised the allowed passenger and cargo fuel surcharges to Level 13, up from Level 8 that was in place from July 16 to 31.
Most banks, e-wallet providers, and electronic money issuers (EMIs) have successfully aligned their operations with the Bangko Sentral ng Pilipinas (BSP) Circular No. 1238.