Union Bank of the Philippines reported a 9 percent improvement in net income to P12.6 billion in 2021, translating to above-industry return on equity of 12.0 percent. In a disclosure to the Philippine Stock Exchange, the bank said its net revenues were at an all-time high of P45.1 billion, up 7...
media Artificial intelligence (AI) could be a game changer in financial services because it can be used to develop customer-centric solutions in financial services, said Union Bank of the Philippines (UnionBank) Head of AI Center of Excellence Dr. Adrienne Heinrich. "Besides looking at AI solutions...
Senate Committee on Banks, Financial Institutions and Currencies chair Senator Grace Poe on Sunday urged the Bangko Sentral ng Pilipinas (BSP) to dig deeper into the online banking hacking incident that hounded BDO account holders, saying such incident need to stop in the face of the growing...
Union Bank of the Philippines (UnionBank) reported a 26 percent improvement in net income to P10.7 billion for the first nine months of the year on account of a 9 percent increase in revenues. In a disclosure to the Philippine Stock Exchange, the bank said its net interest income increased 3...
Union Bank of the Philippines (UnionBank) was named "Best Bank for SMEs" at the recent Asiamoney Best Bank Awards 2021, besting many other Philippine banks to take home the prestigious accolade for the second year in a row. The "Best Bank for SMEs" accolade is awarded by Asiamoney to banking...
World Bank’s investment-arm International Finance Corp. (IFC) is investing in Union Bank of the Philippines’ “social bond” that aims to finance loans to micro, small and medium-sized enterprises (MSMEs). In a statement, Alfonso Garcia Mora, IFC Asia and Pacific vice president, said Friday,...
Union Bank of the Philippines (UnionBank) recently held the virtual groundbreaking ceremony for its ‘Innovation Campus’ last May 26 via Zoom, marking a major milestone in the Bank’s digital transformation journey that started five years ago and garnering thecommendation of top figures in the...
The Philippines' chief economic manager said the domestic economy should quickly adapt digitalization to remain viable, otherwise "drown in its wake." At virtual groundbreaking ceremonies of Union Bank of the Philippines Innovation Campus, Finance Secretary Carlos G. Dominguez III saiid that the...
Union Bank of the Philippines reported a 79 percent surge in net income to P4.7 billion in the first three months of 2021 from the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said first quarter earnings is also 53 percent higher than the last three months of...
Union Bank of the Philippines reported that its strong performance last year despite the global effects of COVID-19 shows that it is now reaping the fruits of its digital transformation almost five years ago. The Bank was able to achieve a net income of P11.6 billion, despite credit reserves...
Union Bank of the Philippines has successfully raised P9 billion from its Peso-denominated fixed rate bonds dual tranche offering. In a disclosure to the Philippine Stock Exchange, the bank said this is the third bond issuance by UnionBank from its P39 billion Bonds Program. The 3-year...
The Bangko Sentral ng Pilipinas (BSP) is expected to keep the benchmark rate unchanged when it meets on November 19, the second to its last two Monetary Board policy meetings for the year. ING Bank, HSBC and Union Bank of the Philippines’ analysts all said that the Monetary Board will not...
