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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SEC to regulate, accredit third-party debt collectors

The Securities and Exchange Commission (SEC) is rolling out new accreditation standards for third-party collection agencies (TPCAs) to shield borrowers from abusive lending and collection practices.

The nation’s new favorite

There is a moment when a Filipino athlete stops being a promising competitor and becomes a national event. It usually begins with a victory, especially an unexpected one, and proceeds at a speed that would put the most frenetic fastbreak in basketball to shame.

PAL rolls out free first rebooking for Manila–Dubai, Doha, Riyadh routes

The Philippine Airlines (PAL) announced over the weekend it is offering one complimentary rebooking for flights from Manila to Dubai, Doha and Riyadh. Eligible passengers may adjust their travel date once with no rebooking fee, so long as requests are submitted no later than November 15, 2026, and at least 15 days before scheduled departure.

Globe fully restores services after subsea cable disruption

Globe has fully restored internet services hit by a disruption on the Philippines‑Singapore international subsea cable segment. Mobile and broadband customers who faced intermittent connectivity or slower speeds should now experience normal service.

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