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.
UnionBank names Gauraw Srivastava as wealth head and EVP
UnionBank names Gauraw Srivastava as wealth head and EVP
Srivastava was previously head of private banking at Vietnam’s VPBank.
5 days ago
UnionBank rolls out payroll account opening solution
Employees can open accounts by scanning a QR code.
5 days ago
UnionBank offers 0% installment plans in Ikea for credit card holders
For a minimum spend, cardholders can avail a 0% installment plan for 3 months.
UnionBank, INSEAD launch program for relationship managers
Selected UnionBank RMs have already undergone a two-day training.
UnionBank of the Philippines rolls out pilot for easier retirement account opening
Users can now open PERA accounts using their bank or e-wallet data.
Union Bank of the Philippines hires senior officers for compliance
A new relationship manager has also been appointed.
UnionBank opens new branch in Cebu City’s Aboitiz Corporate Center
This is the Philippine bank’s 200th branch in the region.
Union Bank of the Philippines appoints five senior officers
One is senior vice president, two are VPs, and two are assistant VPs.
Top Philippine banks’ strong capitalisation, liquidity a buffer for macro risks
Provisioning costs are expected to remain elevated as they expand their consumer loan books.
UnionBank raises $282.5m in fixed rate bonds
It plans to use the proceeds to extend term liabilities, expand funding base, etcetera.
Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loans
Its problem loan ratio is expected to remain at the 6% to 7% range in 2025.
UnionBank strengthens climate risk strategies with adaptive financing
The bank offers loan restructuring, pop-up banking for disaster-hit communities.
AI needs better explainability to build decision-makers’ trust
Transparency and collaboration are key to meaningful AI adoption.
Philippine banks report “generally strong” loan growth in Q4
Some major banks’ saw dramatic rises in NPL ratios.
UnionBank names Vivian Perez as financial risk and performance head
The appointment was effective 2 January 2025.
Philippine banks launch PHPX stablecoin
It hopes to take advantage of the $9t global stablecoin transactions market.
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.
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