Discovery Capital secures UnionBank funding for SME loans
Discovery Capital Finance Corp. (DCFC), a financing company, has secured a credit facility from Union Bank of the Philippines (UnionBank) that will allow it to provide more loans to small…
UnionBank joins BSP in pilot launch of Open Finance for PERA
Union Bank of the Philippines (UnionBank) joined the Bangko Sentral ng Pilipinas (BSP), fellow PERA administrators, and financial services partners in the ceremonial launch of the Open Finance for PERA…
UBX names Dan Marogy president and CEO
UBX Philippines, the fintech arm of Union Bank of the Philippines, has appointed Dan Marogy as president and CEO effective Sept. 1, 2025. “Dan’s proven leadership and deep expertise in…
SSS, UnionBank develop MySSS Card to combine ID and debit functions
The Social Security System (SSS) and Union Bank of the Philippines (UnionBank) announced the development of the MySSS Card, which combines an SSS-issued functional ID with a UnionBank-powered Visa debit…
UnionDigital Bank launches campaign to support unbanked Filipinos
UnionDigital Bank, the digital banking arm of Union Bank of the Philippines, has launched the Kaya Mo Movement to help unbanked Filipinos take part in the country’s financial system. The…
Samsung launches flexible financing option for Galaxy devices
Samsung Electronics Philippines, in partnership with Union Bank of the Philippines, has introduced Samsung Finance+, a financing program that aims to make purchasing Galaxy devices more accessible to Filipinos. Samsung…
UnionBank posts P8.6B net income over first 9 months
Union Bank of the Philippines (UnionBank) reported a net income of P8.6 billion for the first nine months of 2024, with a third-quarter income of P3.5 billion. This quarterly figure…
UnionBank opens Innovation Garage at DLS-CSB
Union Bank of the Philippines (UnionBank) has partnered with De La Salle-College of Saint Benilde (DLS-CSB) to launch the “Innovation Garage,” a facility aimed at equipping students with essential digital…
UnionBank reports P5.1 billion net income in first half of 2024
Union Bank of the Philippines (UnionBank) posted a net income of P5.1 billion in the first half of 2024. The bank attributed this to its solid performance posting top-line revenues…
UnionBank and Momzilla PH renew partnership for 2024 fair
Union Bank of the Philippines (UnionBank) has renewed its partnership with Momzilla PH to support the 2024 Momzilla Fair through UB Negosyante. The Momzilla Fair, held on July 13-14, 2024,…
Ana Delgado to succeed Edwin Bautista as UnionBank’s new CEO
Ana Delgado has been at the forefront of UnionBank's digital banking innovations, including the launch of the digital bank branch model and UnionBank Online.
UnionBank expects growth following completion of Citi deal
Union Bank of the Philippines’ (UnionBank) shift toward a higher-margin income business model has been instrumental in driving growth. With the fourth-largest consumer loan portfolio among banks, comprising 58% of…
UnionBank leverages AI to improve fraud detection method
Union Bank of the Philippines (UnionBank) tested a new approach that leverages artificial intelligence (AI) and graph analytics to boost the detection of fraudulent transactions. Developed by UnionBank’s Artificial Intelligence…
UnionBank waives fees for InstaPay fund transfers
Aboitiz-led Union Bank of the Philippines (UnionBank) is waiving fees for InstaPay fund transfers up to P1,000 this holiday season. UnionBank is continuing its policy of waiving all fees for…
UnionBank’s open finance hub promotes innovation
Union Bank of the Philippines (UnionBank) has officially opened Open Finance Innovation Hub, a first-in-industry program that will provide an open digital ecosystem for innovation and co-creation in the country.…
Summit to discuss challenges and opportunities of AI
Aboitiz Data Innovation (ADI), in partnership with Union Bank of the Philippines and Aboitiz Equity Ventures, is holding the first AI Summit in the Philippines (AI Summit PH 2023) scheduled…
UnionBank raises $358 million in syndicated loan facility
Union Bank of the Philippines (UnionBank) has tapped the syndicated bank market through a $358 million three-year syndicated loan facility. Despite prevailing market uncertainty and volatility, UnionBank’s syndicated financing was…
P1 million cash credits up for grabs at UnionBank raffle promo
UnionBank credit cardholders have a chance to win exciting prizes and P1 million worth of cash credits at UnionBank’s Play2Win Raffle Promo. To join, all cardholders must register once by…
UnionBank continues digitization efforts with new banking solutions
Aboitiz-led Union Bank of the Philippines recently introduced new solutions — eDAO (ePaycard Digital Account Opening), Remote Check Deposit (RCD), and Embedded Banking — to strengthen its banking services offerings.…
UnionBank to offer buy and sell services of virtual assets on app
Union Bank of the Philippines (UnionBank) announced that it will soon offer virtual asset exchange services through its mobile banking app. This will make the bank the first universal bank…
UnionBank completes acquisition of Citi’s consumer banking business
Following the announcement in December 2021, Aboitiz-led Union Bank of the Philippines (UnionBank) has finally completed the takeover of Citigroup’s consumer banking business in the Philippines. The transaction will be…
UnionDigital Bank to start operations after receiving BSP certification
Union Bank of the Philippines’ all-digital bank UnionDigital Bank (UnionDigital) has completed the final stage of securing the license to operate from the Bangko Sentral ng Pilipinas (BSP). In a…
SSS, UnionBank partner to upgrade UMID card
ID sample image from SSS Wikipedia page Social Security System (SSS) and Union Bank of the Philippines (UnionBank) inked a deal that will upgrade the Unified Multi-Purpose Identification (UMID) Pay…
UnionBank raises P11 billion in initial digital peso bonds
Union Bank of the Philippines (UnionBank) was able to raise P11 billion in what is considered as the first-ever digital peso bonds offering in the country. “This pioneering issuance serves…
City Savings Bank bolsters DX with leadership appointment
On the road to ramping up its digital transformation (DX) to reach an underserved market, City Savings Bank (CitySavings), the thrift subsidiary of Union Bank of the Philippines strengthened its…
UnionBank’s finance platform simplifies money collection among MSMEs
To ease the burden of micro, small, and medium enterprises, Union Bank of the Philippines (UnionBank) transformed its Supply Chain Finance (SCF) solution platform to simplify operations and financial management…
UnionBank records P2.6 billion in net income for 1Q2022
Aboitiz-led Union Bank of the Philippines (UnionBank) recorded a net income of P2.6 billion in the first quarter of 2022, which translated to a return on equity of 9.2%. UnionBank’s…
UnionBank enters Metaverse with the Ark of Dreams
Recognizing the explosive growth of blockchain, NFTs (non-fungible tokens), and cryptocurrency globally, Union Bank of the Philippines (UnionBank) has embarked on a journey to become the first Philippine bank in…
Home Credit inks P7-billion credit facility with UnionBank
Consumer finance provider Home Credit Philippines has signed a P 7-billion two-year credit facility with Aboitiz-led universal bank, Union Bank of the Philippines (UnionBank). This agreement will allow Home Credit…
Globe, UnionBank sign data sharing agreement to fight online banking fraud
Union Bank of the Philippines (UnionBank) and Globe Telecom (Globe) inked an agreement that would enable data sharing required for any investigation of online scams. Under the agreement, Globe will…
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