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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EastWest launches new-gen banking at Cebu I.T. Park

EastWest has opened its new Store at Cebu I.T. Park, bringing next-generation banking focused on flexibility, convenience, and personalized support. Located in one of Cebu’s busiest business and lifestyle areas, it offers a fresh way to bank that fits how people live today.

PAL extends Riyadh flight suspension until October 11 over regional security concerns 

The Philippine Airlines (PAL) announced on Friday that it will keep its flights to and from Riyadh suspended through October 11, extending the original pause by 72 hours as regional security conditions remain under close watch. The affected services, flights PR654 and PR655, will not operate from October 9 to 11, 2026, while the airline continues to assess airport conditions and ensure safe flight operations.

Greenstrum, Huawei pitch energy storage to enterprises

Greenstrum and Huawei Technologies Philippines Inc. are pitching integrated electric vehicle (EV) charging and battery storage systems to businesses seeking to manage rising electricity demand, improve energy efficiency and prepare for wider EV adoption.

SMC advances AI tollways, NAIA upgrades as adoption lags

San Miguel Corp. (SMC) is expanding artificial intelligence (AI) and digital technologies across its infrastructure businesses, but regulatory requirements, low user adoption and fragmented data systems remain obstacles to full implementation.

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