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.

Central bank rate cuts could raise Philippine banks’ earnings by 2.6%

Every 100bp rate cut would free PHP106b of liquidity.

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.