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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PSAC urges shift from disaster response to preventive investment

The Private Sector Advisory Council is urging the government to shift from responding to disasters after they occur to investing ahead of risks, calling for tougher construction standards, major flood-control measures, and faster approval of critical water projects.

Subic-Clark-Manila-Batangas rail key test of Luzon corridor

The 212-kilometer Subic-Clark-Manila-Batangas freight railway is emerging as a key test of whether the Luzon Economic Corridor can turn investor interest into actual infrastructure, with the government targeting tangible progress within the next 12 to 18 months.

Vanity personal care execs arrested over illegal securities sales 

The owner and finance manager of local wellness chain Dermacare have been arrested following coordinated law enforcement action, marking a clear demonstration of regulatory vigilance against unauthorized financial activities in the country.

San Miguel’s NNIC gets US support to upgrade NAIA security

San Miguel Corp.-led New NAIA Infra Corp. (NNIC) has secured US government support to upgrade security screening systems at Ninoy Aquino International Airport, as the operator prepares the country’s main gateway for sharply higher passenger volumes.

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