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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Eala fades late as Chinese qualifier stuns her in Wuhan Open

Alex Eala’s return to the WTA Tour lasted barely a night. The Filipino star, seeded 13th at the Wuhan Open despite slipping to No. 19 in the latest WTA rankings, fell to Chinese qualifier Shi Han, 4-6, 6-3, 6-3, on Monday night at Dongfeng-Voyah Center Court.

Taxumo targets enterprise growth as e-invoicing gains ground

Philippine tax technology startup Taxumo is expanding beyond freelancers and small businesses into the enterprise market, aiming to turn mandatory electronic invoicing into a growth engine that could eventually rival its tax-filing business.

DOT courts foreign investors for health, wellness tourism

The Department of Tourism (DOT) is pitching opportunities in healthcare, digital health, rehabilitation, and wellness resorts to foreign investors as the Philippines seeks to establish itself as a regional medical and wellness tourism hub.

Foreign direct investment drops to $4.1 billion in first seven months of 2026

Foreign direct investment inflows to the Philippines experienced a visible slowdown from January to July 2026, dropping to a net total of $4.1 billion compared to the levels recorded during the same period last year.

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