Tag: UnionBank

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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.

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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Aboitiz starts 239 MW Luna Solar project, expands Negros capacity

Energy & Mining 0
Aboitiz Power clean energy unit Aboitiz Renewables Inc. has begun building the 239-megawatt Luna solar facility in Cadiz City, Negros Occidental. Set to open in 2028, it involves a 65 MW battery system that will lift the group’s total solar capacity in the province to 471 MW. This is its largest solar project in the Visayas.

Local banks work on tokenization hurdles to clear Apple Pay’s Philippine launch

Banking & Insurance 0
The Bangko Sentral ng Pilipinas (BSP) in 2025 cleared a key regulatory path for Apple Pay by classifying it as a technology service provider rather than an operator of payment systems. Because the platform processes payment credentials through contactless technology without directly handling, settling, or holding customer funds, the central bank confirmed it does not need to register as a payment system operator. Central bank officials noted that once this regulatory distinction was established, the decision on when to roll out the service rested entirely on the readiness of local financial institutions.

iACADEMY brings together government and education leaders for student safe space campaign 

Corporate 0
Student safety today goes far beyond school grounds, covering physical security, mental health, and responsible online behavior as one closely linked system.

ECOP urges regions to resist copying NCR wage hike

Economy 0
The Employers Confederation of the Philippines (ECOP) has cautioned regional wage boards against automatically following Metro Manila's latest minimum wage increase, arguing that wage adjustments should reflect local economic realities rather than establish a nationwide template.

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