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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PH-Malaysia tobacco link exposes ASEAN enforcement gaps

Trade & Investments 0
The growing illicit tobacco corridor between the Philippines and Malaysia is highlighting enforcement gaps across Southeast Asia, as criminal networks increasingly exploit differences between national tax, customs, and regulatory systems.

NTC widens mobile service crackdown nationwide

Communications & Technology 0
The National Telecommunications Commission (NTC) is expanding its crackdown on poor mobile broadband service nationwide, putting greater pressure on network operators to address coverage and performance gaps as the regulator prepares additional show-cause orders and daily penalties.

Poro Point locks in fuel firms, boosts Northern Luzon logistics

Transport & Logistics 0
Poro Point is reinforcing its role as a strategic fuel logistics hub for Northern Luzon after Chevron, Shell and Petron renewed their leases at the San Fernando International Seaport in La Union.

Philippines puts World Bank fiscal reforms to test

Economy 0
The Philippine government is moving to translate the World Bank’s Public Finance Review into concrete fiscal reforms, with economic officials stressing that better tax collection and spending will matter only if recommendations result in measurable improvements for citizens.

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