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BSP approves UnionBank application to create digital bank

ABS-CBN News
Posted at Jul 21 09:40 AM

UnionBank of the Philippines on Wednesday said the Bangko Sentral ng Pilipinas has approved its application to establish a digital bank.  Read more »

Gokongwei group, UnionBank plan to launch own digital banks: BSP

ABS-CBN News
Posted at Jun 14 11:11 AM

The Gokongwei Group and UnionBank of the Philippines have also applied for digital banking licenses under the new framework of the Bangko Sentral ng Pilipinas, BSP Gov. Benjamin Diokno said Monday.   Read more »

UnionBank holds groundbreaking for Innovation Campus in Laguna

Warren De Guzman, ABS-CBN News
Posted at May 26 02:46 PM

UnionBank on Wednesday held the groundbreaking ceremony for its Innovation Campus in San Pedro, Laguna. Read more »

Digitalization crucial for economy to 'remain viable': Finance chief

ABS-CBN News
Posted at May 26 11:50 AM

The economy should speed up the adaption of digitalization to "remain viable" as the old brick-and-mortar strategy is no longer enough to meet the changing needs of consumers, Finance Secretary Carlos Dominguez III said Wednesday.  Read more »

Several banks hike interbank ATM fees as new BSP rule takes effect

ABS-CBN News
Updated as of Apr 07 01:31 PM

Several banks are set to charge higher interbank ATM transaction fees on Wednesday as a new rule approved by the Bangko Sentral ng Pilipinas takes effect.   Read more »

Aboitiz Equity Ventures sets P48 billion capex for 2021

ABS-CBN News
Posted at Mar 16 03:45 PM

Aboitiz Equity Ventures has allotted P48 billion in capital expenditures for 2021 along with its partners, the company disclosed to the stock market on Tuesday.    Read more »

Some banks set to hike interbank ATM fees on April 7

ABS-CBN News
Updated as of Feb 09 11:25 AM

Some banks will be hiking their interbank ATM transaction fees on April 7 as banks implement “acquirer-based ATM fee charging” -- meaning fees for ATM transactions will be set by the bank that owns the ATM used.?? Read more »

UnionBank income down on higher provisions for bad loans

ABS-CBN News
Posted at Feb 01 04:26 PM

Union Bank of the Philippines saw its net income drop to P11.6 billion last year versus P14 billion in 2019 on the back of higher "credit costs" or provisions for bad loans. Read more »

UnionBank targets MSMEs with new app

ABS-CBN News
Posted at Jan 19 07:07 PM

The SME app lets business owners apply for a loan, manage their inventory and their respective teams, gain more knowledge about the local landscape, as well as expand their network all in one place, UnionBank said.  Read more »

Gatchalian seeks NBI help in tracking credit card hacker

Katrina Domingo, ABS-CBN News
Posted at Jan 07 11:25 AM

Sen. Sherwin Gatchalian on Thursday filed an incident report before the National Bureau of Investigation (NBI) after his credit card was illegally used to purchase P1 million worth of alcoholic beverages earlier this week.   Read more »

UnionBank probes hacking of senator's credit card

ABS-CBN News
Posted at Jan 07 12:38 AM

MANILA - UnionBank on Wednesday said it is investigating the reported hacking of Sen. Sherwin Gatchalian's credit card, which was used to purchase P1 million worth of food from online delivery app Food Panda. Read more »

Gatchalian says inside job possible in credit card hacking for P1M food delivery

Katrina Domingo, ABS-CBN News
Updated as of Jan 07 12:47 AM

MANILA (UPDATE)- Sen. Sherwin Gatchalian on Wednesday said he has yet to rule out the possibility that there was an employee from the bank who helped a hacker use his credit card to purchase P1 million worth of food through an online delivery app. Read more »

LIST: Banks waiving interbank transfer fees

ABS-CBN News
Posted at Jan 04 06:25 PM

Several banks have announced that they will be waiving interbank transfer fees via Instapay and PESONet to encourage online transactions amid the continued threat of COVID-19. Read more »

LIST: Banks waiving interbank transfer fees

ABS-CBN News
Posted at Dec 29 05:35 PM

Several banks have announced that they will be waiving interbank transfer fees via Instapay and PESONet to encourage online transactions amid the continued threat of COVID-19.   Read more »

PNB offers free bank transfers via Instapay, PESONet until March 31

ABS-CBN News
Posted at Dec 29 12:43 PM

Philippine National Bank (PNB) is extending its free bank transfers using Instapay and PESONet up to March 31 to encourage online banking to avoid the spread of COVID-19. Read more »

Metrobank waives fees for Instapay, PESONet until March 31

ABS-CBN News
Posted at Dec 28 01:04 PM

Metrobank announced Monday that it is waiving fees for interbank transfers using Instapay and PESONet up to March 31 next year to encourage clients to use online transactions amid the COVID-19 crisis.   Read more »

ChinaBank, UnionBank extend free interbank transfer until Mar 31, RCBC until Jan 31

ABS-CBN News
Updated as of Dec 23 09:37 PM

ChinaBank and UnionBank have announced they will extend free interbank transfer until Mar. 31, while RCBC will also extend until Jan. 31 next year. Read more »

UnionBank thrift arm CitySavings issues P5-B notes to expand loan portfolio

ABS-CBN News
Posted at Dec 22 04:24 PM

CitySavings, the thrift bank arm of UnionBank, has issued P5 billion of corporate notes to expand its loan portfolio, refinance its maturing debts, and for other corporate requirements. Read more »

LIST: Banks announce schedules for Christmas holidays

ABS-CBN News
Updated as of Dec 23 09:05 AM

Local banks have announced their schedules for the holidays and advised clients to settle bank transactions early. Read more »

Series of storms seen pushing Nov inflation to 3 pct

ABS-CBN News
Posted at Nov 30 04:17 PM

The series of strong storms that hit the Philippines in October and November will likely accelerate this month’s inflation, and affect even prices in December, an analyst said on Monday.  Read more »