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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Chinese scientists chase blackest luxury car finish

Luxury cars have long treated black as a kind of automotive shorthand for money, power, and seriousness. Now, scientists in China are trying to make the color so black that even black may have to make room.

Philippines beauty market finds growth in science

The Philippines is emerging as one of Southeast Asia’s fastest-growing beauty and personal care markets, with consumers increasingly trading old-school whitening formulas for science-backed skincare tailored to the country’s tropical climate.

AI reshapes Philippine jobs as skills lag

Artificial intelligence is spreading rapidly across Philippine workplaces, but the country faces a widening gap between AI adoption and the skills needed to develop and harness the technology.

When the cleanup starts costing growth

Even the best intentions can backfire.

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