Tag: UnionBank

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UnionBank profit rebounds in 2H

Banking & Insurance Context.ph Context.ph -
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

Banking & Insurance Context.ph Context.ph -
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

Banking & Insurance Context.ph Context.ph -
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

Corporate Context.ph Context.ph -
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

Banking & Insurance Context.ph Context.ph -
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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New fish farming technology launched in Western Visayas

Agriculture 0
The Department of Agriculture and National Fisheries Research and Development Institute are bringing snubnose pompano farming to Western Visayas, offering fish farmers a profitable new option.

Central bank sets ₱1.0-billion capital standard for small banks going digital

Banking & Insurance 0
The Bangko Sentral ng Pilipinas (BSP) has rolled out new operational guidelines requiring thrift, rural, and cooperative banks to secure at least ₱1.0 billion in capital if they adopt digital-heavy business models. Issued under Circular No. 1240 on September 21, 2026, the policy ensures that smaller institutions venturing into the digital space operate safely while protecting everyday depositors from financial risks.

Dizon: Hybrid flood control with foreign expertise to target local needs

Transport & Logistics 0
Public Works Secretary Vince Dizon is pushing for a mix of engineered and nature-based solutions, backed by international know-how, to better tackle flooding across the country.

PH Resorts doubling capital stock to P20B, erasing deficit in restructure push

Corporate 0
PH Resorts Group Holdings Inc., led by businessman Dennis Uy, will boost its authorized capital stock to P20 billion—more than double the current P8 billion—to wipe out its capital deficit and restore positive shareholder equity in two years.

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