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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Globe tops NTC SMS test; posts strong speed, fewer drop calls 

Communications & Technology 0
Globe led the National Telecommunications Commission’s latest service quality tests, recording the highest SMS success rate at 99.41 percent — the only provider to pass the NTC’s 99 percent standard. Its call drop ratio hit just 0.74 percent, well below the 2 percent limit, while peak download speed reached 381 Mbps.

Cash still accounts for a fourth of PH e-commerce sales 

Banking & Insurance 0
Cash remains a major force in Philippine online shopping, with about 23 percent of all e-commerce transactions still paid through cash on delivery (COD), according to the Xendit Ecommerce Payments Momentum Report 2026. This figure is the highest in Southeast Asia—far above Vietnam’s 16 percent—even as COD shares drop sharply across much of the region.

Metro Manila water supply remains sufficient; NWRB urges simple conservation

Corporate 0
The National Water Resources Board (NWRB) confirmed Metro Manila’s water supply remains enough for now, but called on the public to practice proper usage as the country braces for a strong El Niño event.

BIR September collection hits P203.58B, up 11%

Economy 0
The Bureau of Internal Revenue (BIR) said tax collection in September reached P203.58 billion, an 11 percent increase from the P183.53 billion generated in the same month last year.

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