Debt watcher Moody’s Ratings has downgraded Union Bank of the Philippines’ (UnionBank) credit ratings, citing deteriorating asset quality following rapid growth in retail lending and rising problem loan ratios. In its latest rating action issued on Monday night, April 21, Moody’s cut the...
Bankers Florido P. Casuela (left) and Edwin R. Bautista (right) Taipan Lucio Tan’s Philippine National Bank is replacing its current President and CEO Florido P. Casuela with former Union Bank of the Philippines President Edwin R. Bautista effective April 29, 2025. In a disclosure to the...
Aboitiz-led Union Bank of the Philippines (UnionBank) is raising up to ₱76.35 billion through issuances from both its Euro Medium Term Note (EMTN) Program and Peso Bonds Program. In a disclosure to the Philippine Stock Exchange, the bank said its board has approved the planned issuances as well...
Aboitiz-led Union Bank of the Philippines (UnionBank) expects its profits to continue growing this year after reporting strong growth in net income for 2024 on the back of record revenues. “Our retail-focused strategy allowed us to book record-high top line revenues. We should see the continued...
Hann Casino Resort expansion facade (Artist's perspective) Hann Philippines, Inc. proudly announces its major expansion project for Hann Casino Resort, its flagship property at the heart of Clark Freeport Zone. This reinforces their commitment to leadership excellence in gaming and hospitality, and...
Aboitiz-led Union Bank of the Philippines (UnionBank) and the ATRAM Group have entered into an investment agreement to merge their respective trust subsidiaries. In a disclosure to the Philippine Stock Exchange (PSE), UnionBank announced that it will hold a 27.5 percent ownership stake in ATR...
Metropolitan Bank & Trust Company (Metrobank) has approved the sale of its asset management unit to ATR Asset Management Inc. (ATRAM) while Union Bank of the Philippines is also in talks to merge its trust business with that of ATRAM. "These are bold moves by ATRAM to quickly scale up its trust...
Union Bank of the Philippines (UnionBank) is infusing an additional capital of up to P1.6 billion in subsidiary UnionDigital Bank Inc. which has been reported to be booking losses recently. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its board of directors approved the...
The Aboitiz Group’s lender Union Bank of the Philippines (UnionBank) reported that its net income jumped 55 percent to P3.1 billion in the second quarter of 2024 from P2 billion in the same period last year. “We continue to post strong topline revenues. Now that we have completed the...
Union Bank of the Philippines (UnionBank) reported that it was recognized as Best Investor Relations Company during the annual Corporate Governance Asia’s 14th Asian Excellence Awards. The awards ceremony, held last May 31st at the JW Mariott Hotel in Hong Kong, was attended by 245 senior...
The Aboitiz Group’s lender Union Bank of the Philippines has successfully raised P10 billion from its stock rights offering which it reported as having robust participation from shareholders. In a disclosure to the Philippine Stock Exchange, the bank said it offered 327.12 million common shares...
Aboitiz-led Union Bank of the Philippines has set the terms and timetable for its P10- billion stock rights offering with the offer price set at a discounted P30.57 per share. In a disclosure to the Philippine Stock Exchange the bank said the offer price was determined based on the volume-weighted...
