Union Bank of the Philippines has appointed its Senior Executive Vice President Henry Rhoel R. Aguda as President and Chief Executive Officer of subsidiary UnionDigital Bank Inc. In a disclosure to the Philippine Stock Exchange, the bank said its Board of Directors has approved the secondment of...
Union Bank of the Philippines has successfully raised P12 billion from its recently-completed Stock Rights Offering (SRO) to existing shareholders. In a disclosure to the Philippine Stock Exchange, the bank said it has concluded the offering of approximately 210.97 million common shares priced at...
Union Bank of the Philippines (UBP) reported that its net income was almost flat at P12.7 billion last year from P12.6 billion in 2021 despite record net revenues in 2022. In a disclosure to the Philippine Stock Exchange, the bank said its net revenues reached a record high of P52.2 billion, 16...
The composition of the Philippine Stock Exchange’s 30-stock benchmark, the PSE index (PSEi) will see some changes starting Feb. 6, 2023. In a statement, the bourse said DMCI Holdings, Inc. (DMC) and Union Bank of the Philippines (UBP) will be included in the PSEi, replacing Megaworld Corporation...
Union Bank of the Philippines has set the final offer price for its P12 billion stock rights offering at P56.88 per share, above the midpoint of its indicative price range of P54.48 to P58.38 per share. In a disclosure to the Philippine Stock Exchange, the bank said the offer price was determined...
Union Bank of the Philippines’ planned P12 billion stock rights offering will be priced within the range of P54.48 to P58.38 per share although the entitlement ratio is yet to be set. In a disclosure to the Philippine Stock Exchange, the bank said it is planning to offer up to 220.26 million...
State-run Social Security System (SSS) announced that it has entered into agreement with Union Bank of the Philippines (UBP) and Rizal Commercial Banking Corp. (RCBC) for the issuance of Unified Multi-Purpose ID (UMID) ATM Pay Cards. In a statement, Michael G. Regino, SSS president and chief...
Union Bank of the Philippines reported a 27 percent drop in net income to P6.1 billion for the first six months of 2022 due to extraordinary trading gains recorded in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said its net revenues, excluding trading...
Union Bank sets SRO price at P64.81/ share By JAMES A. LOYOLA Union Bank of the Philippines has set the price for its P40-billion stock rights offering at P64.81 per share, close to the bottom of the indicative price range of P64.55 to P73.78 per share. In a disclosure to the Philippine Stock...
NFT Art Union Bank of the Philippines (UnionBank), together with the non-profit Center for Art, New Ventures and Sustainable Development (CANVAS.PH), recently held a two-part webinar series centered around digital art in the age of non-fungible tokens (NFTs), to help artists, buyers, and collectors...
The Philippine Stock Exchange has approved Union Bank of the Philippines’ planned stock rights offering worth up to P40 billion. In a disclosure, the bank said the PSE has approved UBP’s application to list up to 800 million additional common shares to cover its stock rights offering to al...
65270 As demand for digital financial solutions skyrocketed in the pandemic, local open finance platform UBX quintupled its revenues last year and expects to sustain its growth momentum in 2022. In 2021 alone, UBX hauled in P20 billion in annual gross transaction value serving over 200,000 business...
