Tag: UnionBank

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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.

UnionBank techs up Tagbilaran Bohol MSMEs with PalengQRPH

Communications & Technology Context.ph Context.ph -
Aboitiz-owned Union Bank of the Philippines (UnionBank) continues to support micro, small, and medium enterprises (MSMEs) by joining the launch of PalengQRPH at the Tagbilaran Market in Tagbilaran City, Bohol.

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GoTyme ties up with PSA for National ID system link

Corporate Bulletins 0
GoTyme Bank has partnered with the Philippine Statistics Authority to become one of the first local banks to connect directly to the National ID Authentication Services. This integration lets customers open accounts in as fast as five minutes without scanning or uploading physical papers. Instead, they may use their PhilSys ID QR code, card number, or basic name and birth details for real-time, official checks. The move removes common hurdles that keep many Filipinos from accessing banking services, supporting the bank’s goal of easier, more inclusive finance for all.

YGC unit taps Lopez Group for Batangas-Laguna exploration project

Energy & Mining 0
Maibarara Geothermal Inc. (MGI) has signed a deal with Lopez Group affiliate ThermaPrime Drilling Corp. to carry out exploratory drilling across Batangas and Laguna from 2026 to 2027. Led by the Yuchengco group, MGI said the work will check untapped areas for possible new geothermal power facilities. The project will involve up to four wells drilled to depths of up to 3,000 meters, with operations set to begin in October this year and finish by May 2027. MGI currently runs a 32-megawatt geothermal plant in Batangas.

Aboitiz Power profit leaps 41% on higher energy prices, new clean energy assets

Corporate 0
Aboitiz Power Corporation reported a 41 percent increase in core net income for the first six months of 2026, reaching P18 billion compared to P12.8 billion recorded in the same period last year. The company shared these figures in a disclosure filed with the Philippine Stock Exchange on Wednesday.

Meralco first half net income rises 3.8% to P26.5 billion even as energy sales edge lower

Corporate 0
The Manila Electric Company, or Meralco, reported a 3.8 percent increase in its consolidated core net income for the first six months of 2026, reaching P26.5 billion from the P25.5 billion recorded in the same period last year. The company shared these figures at a briefing held on Wednesday, noting the growth came even as overall energy sales saw a slight decline.

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