Aboitiz-led Union Bank of the Philippines (UnionBank) expects its earnings to improve soon even as continuing costs for the expansion of its credit card business weighed net income down by 35 percent to ₱3.3 billion in the first half of 2025 from ₱5.07 billion in the same period last year. The...
Aboitiz-led Union Bank of the Philippines (UnionBank) has raised ₱16 billion from its upsized, dual tranche offering of peso-denominated fixed-rate bonds under its ₱100-billion PHP bond program, marking its return to the domestic capital markets since 2023. In a disclosure to the Philippine...
Aboitiz-led Union Bank of the Philippines (UnionBank) has kicked off its ₱10 billion public offering of 1.5-year Senior Fixed Rate Series H Bonds due 2026 and 3Y Senior Fixed Rate Series I Bonds due 2028. The Bonds will be issued under UnionBank’s Philippine Peso Bond Program with an increased...
Union Bank of the Philippines (UnionBank) and ATRAM Group (ATRAM) have appointed Deanno J. Basas as President of UnionBank Investment Management and Trust Corporation (UBIMTC) prior to its merger into ATR Asset Management, Inc. (AAMI). The bank said in a disclosure to the Philippine Stock Exchange...
Union Bank of the Philippines and the ATRAM Group have finalized their partnership, aiming to revolutionize the Philippine asset management landscape by merging their trust operations and leveraging digital innovation. Under the agreement, UnionBank will acquire a 27.5 percent stake in ATR Asset...
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...
