UnionBank reports P3.25B H1 net income, 35% drop

Union Bank of the Philippines reported a net income of P3.25 billion in the first half of the year, marking a 35 percent drop from previous earnings due to higher one-time costs.

Despite this decline, the bank's top-line revenue increased by 9.2 percent to P39.7 billion, driven by growth in net interest income and an expanded fee income base.

UnionBank president Ana Aboitiz Delgado emphasized that these efforts are crucial for long-term growth and stability, highlighting the importance of enhancing operational resilience alongside expanding its customer base.

The bank's retail customer base reached 18 million as of mid-2025, contributing to higher transaction volumes and a significant increase in fee income.

UnionBank’s strong revenue performance helped offset the earnings impact of higher credit costs, positioning the institution for improved net income in the coming months.