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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.

City Savings Bank gets BSP approval to acquire PR Savings

The Bangko Sentral ng Pilipinas has approved the plan of UnionBank of the Philippines' savings lending arm to acquire Philippines Resources Savings Bank Corp....

UnionBank eyeing to make more branches ‘fully digital’ within the year

UNIONBANK of the Philippines is set to convert more branches into “fully digital” offices this year amid its push to digitize its processes and services.

UnionBank to conduct P10-B SRO in July

UNIONBANK of the Philippines, Inc. is set to conduct its P10-billion stock rights offering (SRO) in July, which will raise additional capital for the...

UnionBank sets up blockchain bank network

UNION BANK of the Philippines (UnionBank) is set to launch a clearing system that connects rural banks through blockchain technology. Dubbed as Project i2i which...

UnionBank wants to connect rural banks through blockchain

UnionBank of the Philippines is set to launch a clearing system that connects rural banks through blockchain technology. Dubbed as Project i2i, which stands for...

Loan rules for SPEs to widen credit access

UNIONBANK of the Philippines welcomed the move of the Bangko Sentral ng Pilipinas (BSP) to ease rules on the lending ceiling imposed on banks...

UnionBank to roll out new digital banking products

The digital banking platform of UnionBank of the Philippines is set to launch new banking products and services to position itself as a digital...

UnionBank Q1 income up

UNIONBANK of the Philippines (UnionBank) saw its net income surge in the first quarter of the year as it sustained double-digit growth in its...

UnionBank profit jumps by 32% in first quarter

The net income of UnionBank of the Philippines (UnionBank) surged in the first quarter of 2018 as it sustained double-digit growth in its customer...

UnionBank to use blockchain technology to help rural banks

By Karl Angelo N. Vidal, Reporter UNIONBANK of the Philippines is embracing the blockchain technology as the lender plans to use the “disruptive” system to...

UnionBank raises P3 billion via LTNCD

UnionBank of the Philippines raised P3 billion from its long-term negotiable certificates of deposit (LTNCD) to improve its deposit maturity profile and help expand...

UnionBank to deactivate magnetic strip cards by March 31

UnionBank of the Philippines is set to deactivate all magnetic stripe cards by the end of March in line with the industry's migration to...

AEV consolidates banking units under UnionBank

By Krista A. M. Montealegre, National Correspondent ABOITIZ EQUITY Ventures, Inc. (AEV) transferred its ownership in PETNET, Inc. to the subsidiaries of UnionBank of the Philippines...

UnionBank to acquire PETNET, Inc.

UnionBank of the Philippines group is set to acquire the controlling stake of transaction network PETNET, Inc. In a disclosure to the local bourse on...

UnionBank posts lower income in 2017

UNIONBANK of the Philippines (UnionBank) booked a lower net income in 2017 despite positive recurring income across all its business segments. In a disclosure to...

Moody’s Investors Service assigns investment-grade rating to UnionBank

MOODY’S Investors Service has assigned an investment-grade rating to Aboitiz-led UnionBank of the Philippines (UnionBank) with a “stable” outlook in line with the country’s...

UnionBank’s earnings decline in Q3

UNION BANK of the Philippines (UnionBank) saw its net profit decline in the third quarter, dragged by lower earnings from trading and other miscellaneous...

UnionBank sees double-digit net income growth

By Melissa Luz T. Lopez, Senior Reporter UNION BANK of the Philippines (UnionBank) expects another double-digit expansion in its bottom line for this year, supported...

UnionBank to issue $1B under MTN program

By Melissa Luz T. Lopez, Senior Reporter UNIONBANK of the Philippines, Inc. (UnionBank) will soon foray into the global market by issuing foreign currency debt...

UnionBank net income down in Q2

UNION BANK of the Philippines (UnionBank) saw its income slide in the second quarter, but still posted a double-digit income in the first semester,...