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UnionBank seals new five-year agreement with labor union, assures members that...

AFTER five months of negotiation, the representatives of Union Bank of the Philippines (UnionBank) and the UnionBank Employees Association (UBEA) signed, last December 4,...

UnionBank acclaimed by Frost & Sullivan for Superior Customer Experience and...

The only PH organization among the awardees Based on recent analysis of the Philippines customer experience solutions in the banking industry, Frost & Sullivan recognized...

UnionBank named ‘Bank of the Year 2020’ in PH

Union Bank of the Philippines (UnionBank) was declared the “Bank of the Year 2020” in the Philippines by The Banker, regarded as the industry...

UnionBank raises P9 billion from bond offering

UNIONBANK OF THE Philippines, Inc. raised P9 billion from its sale of two tenors of bonds, which will be used to ramp up the bank’s funding capacity and expand business operations.

UnionBank offers dual-tranche bonds

UNIONBANK of the Philippines, Inc. is offering dual-tranche bonds to raise at least P3 billion in fresh funds.

UnionBank nabs eight accolades at 11th Retail Banker International Awards

Union Bank of the Philippines (UnionBank) recently won big at the prestigious Retail Banker International (RBI) Asia Trailblazer Awards, where it was able to...

UnionBank net income climbs 11% in Q3

UNIONBANK of the Philippines, Inc. booked a higher net earnings in the third quarter driven by double-digit growth in its recurring income.

UnionBank earns two big wins at 2020 IDC Digital Transformation Awards

Union Bank of the Philippines (UnionBank), the country's top digital bank, took home two major wins at the recently concluded 2020 Digital Transformation Awards...

UnionBank upsizes medium term note program to $2 billion

UNIONBANK of the Philippines, Inc. has doubled its medium term note (MTN) program to $2 billion, it said on Tuesday.

A digital banking trailblazer: UnionBank is Philippines’ ‘Best Bank for SMEs’

Three-time “Best Digital Bank” winner, Union Bank of the Philippines (UnionBank), was recently acclaimed as the Philippines’ Best Bank for SMEs, by Asiamoney. This...

UBX to boost e-commerce tools as online sellers grow

UNIONBANK OF THE Philippines, Inc.’s financial technology (fintech) arm is looking to boost e-commerce among small online sellers through its mobile-enabled marketplace application.

Pandemic side businesses driving digital banking shift — UnionBank

NEW SIDE businesses that emerged during the pandemic are leading the charge in adopting digital payments, UnionBank said.

UnionBank books lower net profit

UNIONBANK of the Philippines, Inc. booked lower net earnings in the first semester as it continued to build up loan provisions amid the coronavirus disease 2019 (COVID-19) pandemic.

UnionBank among ‘Most Helpful Banks in Asia-Pacific’during COVID-19

The only PHL bank in the Top 20 Union Bank of the Philippines (UnionBank) has been ranked as the second most helpful bank in Asia-Pacific...

Upskilling needed as pandemic changes operating environment

UPSKILLING will be necessary for bankers in transitioning to the “new normal” as digitalization and online transactions gain traction, an official from UnionBank of the Philippines, Inc. said.

UnionBank net income climbs 22% in 1st quarter

UNIONBANK OF THE Philippines, Inc. booked a higher net profit in the first three months of the year amid better revenues and higher net interest income.

UnionBank raises P6.8B from Tier 2 notes issue

UNIONBANK of the Philippines, Inc. has raised P6.8 billion from its sale of debt notes eligible as Tier 2 notes, marking the first issue out of its P20-billion program, according to a stock filing on Wednesday.

UnionBank to raise P5B via notes

UNIONBANK OF THE Philippines, Inc. is seeking to raise P5 billion through unsecured subordinated notes.

UnionBank books higher profit on loans, trading

UNIONBANK OF THE Philippines, Inc. saw its net earnings nearly double in 2019 on the back of a higher loan portfolio, margin recovery and strong gains from trading activities.

Moody’s affirms UnionBank’s credit rating

MOODY’S INVESTORS Service has affirmed its investment grade rating UnionBank of the Philippines, Inc., citing the bank’s robust capitalization and large pool of liquid assets.

UnionBank to redeem Tier 2 notes

UNIONBANK OF THE Philippines, Inc. is set to redeem P7.2 billion worth of unsecured subordinated notes on Feb. 20 as it has exercised its call option for the papers.

Firms eye customized banking services

LOCAL COMPANIES are looking to avail of customized banking services to improve the efficiency of their transactions, according to UnionBank of the Philippines, Inc.

UnionBank books higher bottom line at end-September

UNIONBANK of the Philippines, Inc. posted double-digit growth in its net profit at end-September, driven by robust revenues on the back of more earning assets and strong trading gains.

Launchgarage hosts Malaysian startups with EXPAND Philippines

For the second year in a row, local tech accelerator Launchgarage hosted EXPAND Philippines, a structured three-week market access program for Malaysian companies seeking...

UnionBank looking to issue P20-billion unsecured debt

UNIONBANK of the Philippines, Inc. wants to issue up to P20 billion unsecured subordinated debt as well as to redeem voluntarily P7.2 billion worth of unsecured subordinated debt due 2025.

UnionBank posts higher net profit in 2nd quarter

UNIONBANK of the Philippines, Inc. saw its net income surge in the second quarter on the back of strong net interest income growth and lower operating expenses.

UnionBank launches stablecoin PHX for use on its blockchain platform

UNIONBANK of the Philippines, Inc. launched its own stablecoin to provide rural banks under its blockchain-powered platform easier access to remittance and payments.

UnionBank pilots cross-border blockchain remittance service

UNIONBANK of the Philippines, Inc. piloted its cross-border remittance service for local rural banks through blockchain, as it aims to push financial inclusion in rural areas.

Compliance with agri-agra lending difficult for banks

UNIONBANK of the Philippines, Inc. said banks are having a hard time complying with the required lending to the farming sector given the rapid growth of their loan portfolios.

UnionBank lists bonds

UNIONBANK of the Philippines, Inc. listed P5.8 billion in three-year fixed-rate bonds, which will support its expansion and lengthen its debt maturity profile.

UnionBank starts P3-B bond offer

UNIONBANK OF the Philippines, Inc. is offering about P3 billion in three-year peso-denominated bonds to raise fresh funds for expansion.

UnionBank net income declines in first quarter

UNIONBANK of the Philippines, Inc. tallied a lower net profit in the first quarter, even as its net interest earnings went up.

UnionBank rolls out cryptocurrency ATM

UNIONBANK OF THE Philippines, Inc. unveiled the first cryptocurrency automated teller machine (ATM) in the Philippines, allowing customers to exchange digital units for cash.

UnionBank sets up private bank for ultra-high net worth clients

UNIONBANK OF THE Philippines, Inc. launched its private banking services to offer wealth management for ultra-high net worth individuals and families.

UnionBank sets up P30-B fund-raising program

UNIONBANK OF THE Philippines, Inc. is set to offer P30 billion worth of corporate bonds or commercial papers to raise funds.

UnionBank targets bigger take from digital transactions

UNIONBANK OF THE Philippines, Inc. is eyeing bigger revenues from digital transactions in the coming years, as they expect investments on technology to improve financial services offered to clients.

UnionBank to roll out first virtual currency ATM

UNIONBANK of the Philippines, Inc. is set to launch the first virtual currency automated teller machine (ATM) in the country, allowing customers to buy and sell digital units for cash.

UnionBank shifts to corporate bonds for fund raising

UNIONBANK of the Philippines, Inc. will no longer tap its long-term negotiable certificates of deposit (LTNCD) program as the lender can now raise fresh funds through corporate bond issuances.

UnionBank lists P11 billion 2-year debt

UnionBank of the Philippines, Inc. raised P11 billion via the issue of peso notes, the proceeds of which will go towards meeting tighter liquidity requirements.

UnionBank upsizes peso-denominated bond issue

UNIONBANK of the Philippines has increased the issue size of its maiden peso-denominated bond issue to accommodate demand from investors.

Ubuntu opens at Arete

ATENEO DE MANILA University’s (ADMU) Arete formally opened its main plaza which will be called the Ubuntu Space. The link that will connect Arete’s arts and innovation wings is sponsored by the UnionBank of the Philippines.

UnionBank raises P10.5 billion from maiden offer of peso bonds

UNIONBANK of the Philippines has priced its peso-denominated bond offer worth P10.5 billion, which will support its expansion plans.

UnionBank books decline in net income at end-Sept.

UNIONBANK of the Philippines, Inc. reported lower net income in the first nine months of the year due to increasing interest rates and its inability to issue credit for teachers.

UnionBank’s IOC to boost lender

UNIONBANK of the Philippines said its integrated operations center (IOC) launched last year will help supervise the overall operations of the bank, which in turn will translate to maximized revenues and a better customer experience.

UnionBank SRO ‘credit positive’

FRESH CAPITAL raised by the UnionBank of the Philippines bodes well for the lender’s credit rating, Moody’s Investors Service said, noting the additional funding will support brisk lending activity.