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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BSP secures conviction vs unregistered financial operators, closed bank officials

Banking & Insurance 0
The Bangko Sentral ng Pilipinas (BSP) announced that several individuals linked to closed banks, money changing outlets, and pawnshop businesses have been convicted by various courts across the country, following BSP-led investigations and referrals for prosecution. These judgments, which include substantial fines and prison terms, underscore the regulator’s firm stance on upholding banking and financial laws, and carry significant implications for industry stakeholders and the general public.

ACMobility charging network expands as BYD sales surge 

Mobility 0
ACMobility has captured nearly half of the Philippines’ open-access electric vehicle charging network as it rapidly expands infrastructure alongside the surging sales of Chinese EV brand BYD.

Beverage group warns P20 tax could raise drink prices

Economy 0
A proposed P20 increase in the excise tax on sweetened beverages could push up drink prices and put further pressure on consumers and small retailers, the Beverage Industry Association of the Philippines (BIAP) warned.

Taiwan firms target PH energy, healthcare, farm gaps

Education, Health & Science 0
Taiwanese companies are looking to expand in the Philippines by targeting gaps in energy, healthcare, agriculture, and digital infrastructure, with 125 firms showcasing technologies at Taiwan Expo 2026 in Manila.

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