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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.

UnionBank raises P10 billion from rights offer

UNIONBANK of the Philippines, Inc. said it completed a rights offer, raising P10 billion from shares issued at P62.97, against today’s closing price of P67.

UnionBank joins int’l blockchain network

UNIONBANK of the Philippines is now part of an international bank network that uses the blockchain technology to minimize friction in global payments process.

The three obstacles business operators face when going digital

Dino Velasco explains how to grow online with UnionBank GlobalLinker.

UnionBank to raise P20 billion via bonds, commercial papers

UNIONBANK of the Philippines is set to raise P20 billion through issuance of peso-denominated debt instruments to raise fresh funds.

UnionBank to raise P20 billion via commercial papers

UnionBank of the Philippines is set to raise P20 billion through issuance of debt instruments to raise fresh funds. In a regulatory filing on Thursday,...

UnionBank sets SRO’s final terms

UNIONBANK of the Philippines has set the final terms for its stock rights offering (SRO), through which it is looking to raise about P10 billion to support expansion.

UnionBank sets final terms for stock rights offering

UnionBank of the Philippines has set the final terms for its stock rights offering (SRO), where it is looking to raise about P10 billion...

UnionBank using blockchain for more processes

UNION BANK of the Philippines, Inc. has adopted blockchain in more internal processes to cut operational costs and further learn the technology.

UnionBank to conduct P10-billion SRO next month

UNIONBANK of the Philippines will proceed with its planned stock rights offer next month, as it works to raise fresh capital to support expansion.

UnionBank readies stock rights offering

Union Bank of the Philippines (UnionBank) will proceed with its planned stock rights offer next month, as the lender works to raise fresh capital...

UnionBank expects faster loan growth

UNION BANK of the Philippines, Inc. expects its loan portfolio growth to accelerate further in the third quarter after it resolved issues on credit for teachers.

UnionBank sees loan portfolio growing faster in third quarter

UnionBank of the Philippines, Inc. expects the growth of its loan portfolio to accelerate further in the third quarter as issues with teachers loans...

UnionBank Q2 net profit falls over 17% as fee income drops

UNION BANK of the Philippines, Inc. said net profit fell in the second quarter following a decline in its “other” income.

UnionBank’s first-half profit up by 8%

UnionBank of the Philippines's earnings rose in the first half due to higher interest rates. In a disclosure to the bourse, UnionBank reported its net...

Companies join forces to tackle PHL tech challenges

A group consisting of technology firms and various organizations has launched an initiative to come up with technology solutions for inclusive development. Individuals from different...

CitySavings’ bid for PR Savings gets green light

THE BANGKO SENTRAL ng Pilipinas has approved the plan of UnionBank of the Philippines’ savings lending arm to acquire Philippine Resources Savings Bank Corp. (PR Savings) of the Ropali Group.