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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Philippines pitches Polish investors on high-growth industries

Trade & Investments 0
The Philippines is pitching itself to Polish investors as an emerging production and technology hub in Southeast Asia, highlighting opportunities in semiconductors, digital services, food processing, renewable energy, shipbuilding, and other industries as companies seek to diversify supply chains.

PH urged to commercialize homegrown innovation for growth

Communications & Technology 0
The Philippines needs to move more homegrown innovations from laboratories and prototypes into commercial use to raise productivity and sustain economic growth as the country moves into upper-middle-income status, government officials said Thursday.

“Savings don’t retire when you do” 

Banking & Insurance 0
Retirement is no longer a signal to slow down. For many Filipinos aged 60 and above, life after leaving the workforce opens a new chapter—one filled with travel, time with family and grandchildren, community involvement, small business ventures, or continued work on their own terms. Savings, built over a lifetime of effort, remain the foundation of this freedom.

MTerra Solar Phase 1 starts commercial operations: 600 MW delivered to Meralco

Energy & Mining 0
Meralco PowerGen Corp. (MGen) has begun commercial operations for 600 megawatts (MW) of MTerra Solar Phase 1 under its power supply agreement (PSA) with Manila Electric Co. (Meralco), effective August 26, 2026.

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