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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Nearly 1M ‘vulnerable’ Filipinos buy P20 rice in September

Agriculture 0
Nearly 1 million Filipinos benefited from the Marcos administration’s Benteng Bigas, Meron Na! program in September, the highest monthly turnout since the affordable rice initiative was launched in May last year, as the government seeks to ease food costs for households struggling to make ends meet.

Business mood stays down in September, but firms see brighter quarters ahead

Economy 0
Business sentiment stayed pessimistic in September 2026, according to the latest Business Expectations Survey released by the Bangko Sentral ng Pilipinas, although confidence readings for the near‑term and year‑ahead outlook remained positive. The current‑month confidence index improved slightly to ‑8.4 percent from ‑10.9 percent in August, still signaling more firms were downbeat about present conditions.

EastWest posts ₱5‑billion nine‑month net income amid tougher macro backdrop

Banking & Insurance 0
East West Banking Corporation (EastWest) turned in a ₱5.0‑billion net income for the first nine months of 2026, delivering solid profitability even as broader economic conditions grew more challenging, a performance that signals resilient core operations for investors and market watchers.

Medical center teams up with Singapore partners to boost geriatric care in Southern Luzon

Education, Health & Science 0
The Mary Mediatrix Medical Center (MMMC) has forged a partnership with Inspire Healthcare Singapore and the Singapore Nurses Association (SNA) to advance its Geriatric Unit, as the hospital moves to address the rising healthcare demand from older adults across Southern Luzon.

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