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.
Philippine banks launch PHPX stablecoin
It hopes to take advantage of the $9t global stablecoin transactions market.
1 day ago
Philippine banks launch PHPX stablecoin
It hopes to take advantage of the $9t global stablecoin transactions market.
1 day ago
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.
Central bank rate cuts could raise Philippine banks’ earnings by 2.6%
Every 100bp rate cut would free PHP106b of liquidity.
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.
Thought Leadership Centre
In Association with
In Association with
Most Read
1. UOB’s net profit climbs to $3.42b YTD amidst fee income growth 2. OCBC launches near-instant P2P transfers to WeChat Pay and Alipay 3. OCBC’s Q3 2024 net profit rises 9% to $1.50b 4. Citigroup’s profitability set to grow by 2025: Moody’s 5. Maybank Singapore taps PracBiz to streamline supply chain financeResource Center
Read Here
Advertise
Sign Up
Event News
Event News
Principled AI key to transformation of financial services
![Principled AI key to transformation of financial services]()
Information Technology
Companies must be transparent and fair to maintain trust and mitigate reputational risks.
Companies must be transparent and fair to maintain trust and mitigate reputational risks.
Videos
Partner Sites
Thought Leadership Centre
In Association with
In Association with
Commentary
Reshaping fraud detection in Asian finance with knowledge graphs
Why is willful default a growing threat to Bangladesh’s financial stability?
Mobile Wallets are Southeast Asia’s Pathway to Financial Inclusion