Photo from Pixabay

UnionDigital Bank bags $16m more in capital

It will be utilised to grow its digital loan offerings.

Union Bank of the Philippines’ subsidiary, UnionDigital Bank Inc., has obtained an additional capital infusion of P900m ($16.2m).

Specifically, the digital bank will use capital infusion to grow its digital loan offerings, allowing customers to access credit quickly and apply for loans seamlessly through its app and API. 

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

However, the capital infusion is still pending regulatory approval from the Bangko Sentral ng Pilipinas (BSP).

(P1.00 = $0.018)

Follow the link s for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Sri Lanka and Vietnam banks to boost 2025 financials
Sri Lanka’s political crises are receding; Vietnam will be lifted by higher loan growth
Retail Banking
What's in store for payments in 2025?
In emerging markets, digital wallets are evolving into bank account substitutes.
NRIC numbers alone cannot initiate payments, fund transfers: ABS
ABS advised customers to change their login passwords if they are using their NRIC number.