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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Isuzu delivers five trucks to eCarga for fleet expansion

Isuzu Philippines Corp. (IPC) has supplied five commercial vehicles to EEI Carga Digital Logistics Corp. (eCarga), adding delivery capacity as the logistics provider expands its operations to meet growing customer requirements.

Jollibee Group earns Golden Arrow honors again

Jollibee Foods Corporation, widely known as the Jollibee Group, has once more earned distinction at the 2026 Golden Arrow Awards from the Institute of Corporate Directors (ICD), securing two Golden Arrows for the second year running. This achievement also marks its fifth consecutive year receiving the prestigious recognition, reflecting steady progress in upholding high standards of corporate governance. The honor follows strong performance in the 2025 ASEAN Corporate Governance Scorecard (ACGS) assessment, where the company improved its overall score compared to the previous year. The Golden Arrow Awards recognize publicly listed Philippine companies that meet rigorous regional governance benchmarks, with the award granted to those achieving a score of at least 75 points across key areas including shareholder rights, stakeholder relations, transparency, board oversight, and sustainability. Group Global President and CEO Ernesto Tanmantiong emphasized that the accolade underscores years of dedicated work across the organization, noting that robust governance remains central to sustainable growth, greater accountability, and lasting value for all stakeholders. As the business continues to expand, the Jollibee Group affirmed its ongoing commitment to refining governance practices that support both strategic goals and the interests of those it serves.

Singapore Air unveils next-gen long-haul cabins; over S$2 B invested for better travel

Singapore Airlines (SIA) has officially launched its brand-new next-generation long-haul cabin products, crafted around how passengers actually work, dine, relax, and rest in the air to deliver a more comfortable, personal, and intuitive journey. The investment totals more than S$2 billion across all four cabin classes—First, Business, Premium Economy, and Economy—as part of the airline’s upgraded end-to-end travel experience.

BSP: Stability key to growing future industries

The Bangko Sentral ng Pilipinas (BSP) has emphasized that steady economic conditions, a reliable financial system, and solid infrastructure are essential to helping new, higher-value industries take root and thrive.

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