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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PSAC seeks P1B yearly for 100 Filipino scholars abroad

Education, Health & Science 0
The Private Sector Advisory Council (PSAC) is proposing a P1-billion annual government allocation to send 100 top-performing Filipino students to leading universities overseas, with scholars required to return home and put their expertise to work in the Philippines.

Jobless Filipinos surge to 2.86M in September 

Economy 0
The number of unemployed Filipinos surged to 2.86 million in September 2026 as employment growth failed to keep pace with an expanding labor force, pushing the jobless rate to its highest level in recent months.

Palay, corn slump drags Philippine farm output down 5% in Q3

Agriculture 0
A sharp contraction in palay and corn production dragged Philippine agriculture and fisheries output down 5 percent in the third quarter of 2026, outweighing gains in livestock and poultry and underscoring the uneven recovery across the country's food-producing sectors.

D&L earnings climb 15% as food ingredients’ margins recover

Corporate 0
A strong recovery in food ingredients margins and a shift toward higher-margin specialty products lifted D&L Industries Inc.'s net income by 15 percent to P2.2 billion in the first nine months of 2026, helping the manufacturer weather higher financing costs, peso weakness, and geopolitical uncertainty.

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