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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DA highlights sugar technologists’ role in industry growth

Department of Agriculture (DA) Secretary Francisco Tiu Laurel Jr. recognized the Philippine Sugar Technologists Association (PhilSuTech) as a vital partner in driving science-backed growth, higher incomes, and resilience for the country’s sugarcane industry.

ERC extends GEA-All collection suspension until end-2026 to ease power costs

The Energy Regulatory Commission (ERC) announced Wednesday it has further extended the temporary suspension of Green Energy Auction Allowance (GEA-All) collections through the end of 2026, continuing relief for consumers amid ongoing economic pressures.

ERC to appeal CA ruling on Siquijor power firm, cites lapsed authority & ended deals

The Energy Regulatory Commission (ERC) will file a motion for reconsideration via the Office of the Solicitor General to reverse a Court of Appeals (CA) decision reinstating S.I. Power Corp. (Sipcor)’s authority to operate in Siquijor.

AIA, BPI AIA target Philippines’ evolving retirement needs

Longer life expectancies, smaller families, and rising healthcare costs are forcing Filipinos to rethink retirement planning, creating demand for financial products that can provide both protection and income well into old age.

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