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.
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.
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.
Aboitiz-owned Union Bank of the Philippines (UnionBank) continues to support micro, small, and medium enterprises (MSMEs) by joining the launch of PalengQRPH at the Tagbilaran Market in Tagbilaran City, Bohol.
The Department of Transportation (DOTr) and the Office of the Solicitor General (OSG) have filed 105 expropriation cases for the North-South Commuter Railway (NSCR)—the most ever filed for a single infrastructure project by the agency.
Growth measured as the gross domestic product (GDP) is seen to have slowed sharply to 1.9 percent year-on-year in the second quarter of 2026, down from 2.8 percent in the previous quarter, according to the Bank of the Philippine Islands (BPI).
Globe Telecom saved more than ₱510 million on energy in 2025 by using efficient network gear and AI tools. It rolled out 20,800 new green tech items under its Green Network program to cut electricity use.
FinTech Alliance PH has welcomed clarification from the Bangko Sentral ng Pilipinas (BSP) regarding Circular No. 1238, saying the update brings much-needed regulatory certainty to the digital financial services sector and aligns with shared goals of making digital payments affordable, secure, and sustainable. Following productive talks between BSP Monetary Board members and alliance representatives, the central bank confirmed the circular sets out cost-based fair pricing guidelines and does not impose a requirement to scrap all fees. The BSP made clear that financial institutions and payment service providers are not required to remove electronic fund transfer fees entirely, nor are off-network person-to-person transfer charges limited strictly to technical switch costs. It also noted that Frequently Asked Question No. 7 should not be treated as a rigid rule allowing only switch-cost pricing.