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.

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.

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.

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.