UnionBank

UnionBank of the Philippines is the country's ninth largest bank by assets. UnionBank is a joint consortium among the Aboitiz Group, Insular Life and the Social Security System.

Union Bank’s profit outlook dims on higher costs and riskier loans

It has less buffers for loan losses than lower-rated banking peers, Moody’s Ratings warned.

Union Bank’s profit outlook dims on higher costs and riskier loans

It has less buffers for loan losses than lower-rated banking peers, Moody’s Ratings warned.

UnionBank releases four new credit cards with various benefits

Interested users can choose from retail, cost-saving, travel, and luxury types of credit cards.

Artificial Intelligence can fill the crevices in the banking industry: UnionBank exec

Other potentials of AI in banking could help reach broader markets in the underserved segment of the country.

UnionDigitalBank, Capital A launch embedded finance services in the Philippines

Amongst services to be offered is the “Fly Now, Pay Later” flexible payment option.

UnionDigital Bank bags $16m more in capital

It will be utilised to grow its digital loan offerings.

UnionBank net income up 12% to $233.59m in 2022

Revenue hit a record high, whilst consumer loans rose after acquiring Citi’s assets.

UnionBank transforms wealth digital platform with Avaloq

It will standardize the front, middle, and back office of UnionBank’s wealth mgmt functions.

Citi completes sale of Philippine consumer business to UnionBank

The sale includes the transfer of 1,540 staff to the Philippine bank.

SEA banks' more crypto exposure could hit earnings in the long run: Fitch

Banks looking to dab in crypto face operational, reputational, and legal risks.

Union Bank’s capital buffers to weaken following Citi purchase: analyst

Any potential earnings boost remain uncertain; whilst reduced capital will take years to rebuild.

UnionBank to buy Citi’s Philippine consumer banking franchise for $908m

Around 1,750 Citi employees are expected to transfer to UnionBank.

UnionBank in talks to take over Citi’s consumer banking assets in the Philippines

Discussions between the two banks are at the preliminary stage.

UnionBank clinches Philippines’ 4th digital bank license

UnionDigital will be a wholly-owned subsidiary of the Philippine lender.