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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Philippine coconut exports surge 34% to $3.6B 

The Philippine coconut industry is emerging as a major export growth driver, with shipments surging 34 percent to USD3.6 billion in 2025 as the government seeks to capture more global demand for higher-value coconut products.

BSP makes preemptive quarter-point rate hike on inflation risks

The Bangko Sentral ng Pilipinas on Thursday delivered a preemptive 25-basis-point rate hike and left the door open to further tightening as stubborn inflationary pressures threaten to keep prices above the central bank’s target range.

Marcos backs DA, DOST drive to modernize PH egg industry

President Ferdinand Marcos Jr.  on Thursday threw his support behind efforts to modernize the country’s egg industry during a visit to the P300-million processing facility of the Batangas Egg Producers Multipurpose Cooperative (BEPCO) here, accompanied by Agriculture Secretary Francisco P. Tiu Laurel Jr.

Clark Aviation Capital builds out Central Luzon’s logistics backbone for industrial growth

Long before cargo aircraft begin landing in greater numbers, critical groundwork is already underway at Clark.

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