The Aboitiz Group’s Union Bank of the Philippines reported a drop in net income to ₱6.5 billion in the first nine months of 2025 from the ₱8.6 billion generated in the same period last year, partly due to higher expenses. The bank said in a disclosure to the Philippine Stock Exchange that it...
Five Filipina chief executives in financial services and real estate were named in Fortune Magazine’s 100 Most Powerful Women in Asia list for 2025. Named to the list are: Martha Sazon of Mynt-Gcash (#37), Anna Ma. Margarita Bautista Dy of Ayala Land Inc. (#69), Lynette V. Ortiz of Land Bank of...
Union Bank of the Philippines (UnionBank) reported that the board of directors of its fintech arm UBx Philippines has appointed former Foodpanda Philippines head Daniel Marogy as chief executive officer (CEO) effective Sept. 1, 2025. “Marogy brings over 16 years of transformative leadership...
Aboitiz Equity Ventures Inc. reported a 27 percent drop in consolidated net income of ₱8.4 billion in the first half of 2025 from the ₱11.5 billion earned in the same period last year due to lower earnings from its power and banking units, coupled with losses of its property and infrastructure...
Private-sector economists expect the Philippine economy to have expanded at a faster pace in the second quarter, compared to the first three months, driven by robust household consumption during the midterm election period, even amid external headwinds. The consensus growth forecast stands at 5.6...
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...
