Union Bank of the Philippines

Also known as UnionBank

UnionBank of the Philippines is a major financial institution that recently faced a credit rating downgrade due to high loan risks but continues to invest in digital transformation and innovation. The bank has expanded its consumer lending and small business growth, with 61% of its loan portfolio allocated to consumers, reflecting its commitment to personalized customer experiences through artificial intelligence. UnionBank also partners with GMG Productions to provide exclusive theatrical benefits to cardholders, enhancing its presence in the Philippine market.

This is an AI-generated summary based on recent coverage.
Last updated at April 25, 2025.

Recent stories about UnionBank

'Dear Evan Hansen' musical set for Manila in September

The award-winning musical 'Dear Evan Hansen' will run in Manila this September at the Theater at Solaire, hosted by GMG Productions.
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PNB appoints Edwin R. Bautista as new president

Lucio Tan’s Philippine National Bank (PNB) has appointed Edwin R. Bautista, former chief of UnionBank, as its new president to succeed Florido P. Casuela effective April 29, 2025.
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Aboitiz Group reports mixed earnings, 23% drop overall

The Aboitiz Group reported a 23 percent drop in earnings last year, primarily due to the absence of a one-time gain recognized in its infrastructure unit in 2023.
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UnionBank raises up to $800M via EMTN, P30B via peso bonds

UnionBank, led by Aboitiz, plans to raise up to $800 million through its Euro Medium Term Note (EMTN) Program and up to P30 billion from its Peso Bonds Program.
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Gurīn Energy completes 75 MW Palauig Solar Project in Zambales

Singapore-based Gurīn Energy has completed its first operational green project in Zambales province with a 75-megawatt (MW) Palauig Solar Power Project that began commercial operations on Wednesday, Feb. 19.
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Bloomberry refinances P40B loan for Solaire North

BLOOMBERRY RESORTS Corp., led by Chairman Enrique K. Razon Jr., has refinanced a P40-billion loan used for constructing Solaire Resort North in Quezon City.
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BPI reports 20% net income growth to P62B, total loans up 18.2%

Ayala-led Bank of the Philippine Islands (BPI) reported a 20% growth in its full-year 2024 net income, reaching P62 billion.
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UnionBank reports 30.69% net income increase, eyes future growth

UnionBank reported a 30.69 percent increase in net income to P12.03 billion for the year 2024, compared to P9.205 billion in 2023.
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BAP, BSP launch enhanced Peso IRS market

The Bankers Association of the Philippines (BAP) and the Bangko Sentral ng Pilipinas (BSP) launched an enhanced Peso Interest Rate Swap (Peso IRS) market on Monday, November 18.
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UnionBank merges with ATRAM Group to manage P485B

UnionBank announced a merger with wealth management company ATRAM Group on Monday, November 11, aiming to create a leading player in the trust industry by leveraging UnionBank's digital expertise and ATRAM's innovative asset management solutions.
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