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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Coconut trade fair sales surge threefold to P309.6M

Sales generated by coconut micro, small, and medium enterprises (MSMEs) more than tripled to P309.57 million at this year’s COCONUTPhilippines Trade Fair, pointing to stronger demand for higher-value Philippine coconut products.

PHILTOA turns to land travel, ASEAN markets as airfares rise

Philippine tour operators are shifting toward cheaper land-based packages and Southeast Asian markets as high airfares and global uncertainties make long-haul tourism harder to sustain.

Global gold demand hits record US$193-B in 1Q 2026; EastWest delivers expert insight under new partnership

Global gold demand stayed resilient amid market volatility, reflecting strong long-term investor confidence in the metal as a reliable way to preserve wealth. In the first quarter of 2026, total global demand hit 1,231 tons - valued at a record US$193 billion. This strength held even though gold prices dropped 15.4 percent in the second quarter, driven by expectations of higher interest rates.

Moody’s projects inflation to return to target range by 2027-2028 as BSP earns high marks

The Bangko Sentral ng Pilipinas (BSP) has earned fresh praise from sovereign credit giant Moody’s Ratings, which expects local inflation to steadily settle back within the government's two to four percent target range between 2027 and 2028.

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