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...
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,...
