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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PAGCOR strengthens player safeguards as gaming grows 

The Philippine Amusement and Gaming Corp. (PAGCOR) is strengthening player protection measures, including a 24/7 problem gambling helpline, as gaming becomes an increasingly important part of the country’s leisure and tourism industry.

Meralco’s anti-pilferage campaign gains support from scrap industry association

Manuel V. Pangilinan-led Manila Electric Company (Meralco) has gained support from the Scrap Collectors and Recyclers Association of the Philippines, Inc. (SCRAP) for its anti- pilferage campaign, as the industry group expressed intent to help prevent stolen utility materials from entering the scrap market.

LG highlights AI, energy efficiency and space design in new appliances at IFA 2026

As European consumers prioritize space-saving, energy-efficient and easy-to-use home products amid changing lifestyles, LG Electronics is showcasing seven advanced appliances at IFA 2026. The lineup demonstrates how AI, smart energy use and space-conscious design address key purchasing needs for modern, often limited living areas.

Maya earns multiple HR Excellence Awards for third straight year

Maya, the country’s leading digital financial services platform, has been recognized at the 2026 HR Excellence Awards Philippines for the third consecutive year, securing a Silver Award for Excellence in Performance Management Evolution and a Bronze Award for Excellence in HR Technology Use. Competing among 64 firms at the Grand Hyatt Manila ceremony, Maya also reached finalist status in five additional categories: Employee Engagement, Employer Branding, Leadership Development, Talent Acquisition, and Talent Management.

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