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...