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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BIR pushes easier tax compliance to support industrial growth

Economy 0
The Bureau of Internal Revenue (BIR) is accelerating digitalization and audit reforms to cut the cost of tax compliance, improve investor confidence and support the Philippines’ industrial expansion.

British chamber warns pork import curbs could fuel food inflation

Agriculture 0
The British Chamber of Commerce of the Philippines (BCCP) has opposed a proposed pork import holiday and higher tariffs, warning that restricting supplies ahead of Christmas could intensify food inflation while African swine fever (ASF) continues to constrain domestic production.

Michelin Guide 2027 expands Philippine dining’s global footprint

Lifestyle 0
The MICHELIN Guide 2027 recognized 127 restaurants across Metro Manila, Cavite, Pampanga and Cebu, expanding its footprint across the country and signaling that Philippine dining is becoming harder for the world’s food scouts to ignore.

Cement makers pin recovery on infrastructure spending

Construction 0
Philippine cement makers are banking on a pickup in government infrastructure spending to stabilize demand at about 34 million tons this year, as the industry grapples with excess capacity, high energy costs, and a weaker peso.

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