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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FDI drops in first five months of 2026 as global capital tightens 

Foreign direct investments flowing into the country slowed during the first five months of 2026, marking a notable drop compared to the same period last year.

Mitsubishi targets bigger market, plans P7B EV investment

Mitsubishi Motors Philippines Corp. is preparing for a bigger Philippine footprint, betting on locally produced hybrid vehicles, higher factory output, and stronger sales as it seeks to turn the country into a more important production and export base.

Meralco power rates fall slightly on refunds

Electricity rates for Manila Electric Co. customers will edge lower in August as a P9.5-billion regulatory refund offsets higher transmission, tax, and other pass-through charges.

PDIC seeks reforms after P1M coverage hike

The Philippine Deposit Insurance Corp. is pushing sweeping legislative reforms to modernize the country’s deposit insurance system, including broader coverage, faster claims payment, and new powers to contain financial crises.

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