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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Semirara questions DOE bidding rules, cites harm to industrial policy success 

Corporate 0
Semirara Mining and Power Corporation has challenged the Department of Energy’s latest bidding rules, warning that the revised guidelines undermine the national government's intent to foster long-term industrial productivity and resource stability.

GoTyme urges mandatory open finance to challenge big banks

Banking & Insurance 0
GoTyme Bank is calling on the government to mandate open finance in the Philippines, arguing that resistance from established lenders is limiting consumers’ control over financial data and restricting access to affordable credit.

Toyota unveils Tamaraw MPUV, expands electrified vehicle lineup

Mobility 0
Toyota Motor Philippines (TMP) will highlight its locally manufactured Tamaraw public transport platform and expanding electrified vehicle lineup at two automotive exhibitions from October 22 to 24 at the SMX Convention Center in Pasay City, reflecting its dual focus on commercial mobility and vehicle electrification.

DTI helps MNEX fast-track ₱180M Batangas manufacturing plant 

Trade & Investments 0
The Department of Trade and Industry (DTI) is working to accelerate the launch of Singaporean manufacturer MNEX’s P180-million precision manufacturing facility in Batangas, with production targeted to begin in early 2027.

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