News

UnionBank bets on digital users for growth

ABS-CBN News
Posted at Feb 11 11:51 PM

Easing inflation will bode well for the Philippine banking industry this year.  Read more »

UnionBank bets on digital users for growth

ABS-CBN News
Updated as of Feb 11 11:13 AM

Unionbank recorded the highest transaction volume on PesoNet, which services multiple lenders, despite ranking 9th in the industry based on assets, Bautista said. Read more »

Unionbank doubles size of maiden peso bond issue to P10.5 billion

ABS-CBN News
Posted at Nov 26 10:01 AM

The country's ninth largest lender by assets said the 2-year bonds were priced at 7.061 percent per annum to be paid quarterly. Read more »

UnionBank posts P6.1 billion net income in Jan-Sept

ABS-CBN News
Updated as of Oct 29 10:55 AM

UnionBank the country's ninth largest lender said net nine-month net income was at P6.1 billion, from P6.4 billion during the same period in 2017. Read more »

How a business can build a global network

UnionBank
Updated as of Oct 26 06:58 PM

Sign up at UnionBank GlobalLinker for a chance to be part of this cross border networking opportunity. Read more »

Tired of the 9-to-6? Here's what to expect when you try online selling

UnionBank
Updated as of Sep 26 03:55 PM

With the ease it promises small business owners, online selling has grown. Read more »

UnionBank posts P1.78 billion net income in Q2

ABS-CBN News
Posted at Jul 30 09:27 AM

The country's ninth largest lender posted net income of P1.78 billion in the April to June period, compared to P2.15 billion during the same period in 2017. Read more »

Unionbank to link rural banks using blockchain

Jessica Fenol and Michelle Ong, ABS-CBN News
Updated as of May 21 02:58 PM

Unionbank said Monday it would tap blockchain to connect rural banks in the same way systems such as Bancnet and SWIFT link larger lenders. Read more »

PCC OKs City Savings Bank's acquisition of thrift bank

ABS-CBN News
Posted at Apr 12 03:20 PM

MANILA - Union Bank of the Philippines (UnionBank) on Thursday confirmed that the Philippine Competition Commission (PCC) has approved City Savings Bank's acquisition of the thrift bank Philippine Resources Savings Bank Corp. Read more »

UnionBank launches digital platform to help small firms go global

Jessica Fenol, ABS-CBN News
Updated as of Apr 02 12:18 PM

UnionBank has launched an e-commerce platform to help small businesses go digital and grow globally, an official said.   Read more »

UnionBank chief shares key leadership traits to drive team to success

Jan Yumul, ABS-CBN News
Updated as of Nov 27 08:43 PM

UnionBank president and chief executive officer Edwin Baustista believes that the key to success is in building a great team. Read more »

UnionBank embraces tech behind bitcoin in digital pivot

Cathy Yang, ABS-CBN News
Posted at Feb 14 04:40 PM

If a bank is serious about going digital, it needs to do more than just use the latest gadgets to make transactions easier, it also needs to embrace the disruptive advances in fintech or financial technology, according to the boss of UnionBank.    Read more »

UnionBank bets big on virtual reality, iPads as it levels up digital banking

Cathy Yang, ABS-CBN News
Updated as of Sep 14 09:26 PM

Virtual reality is probably not the first thing that comes to mind when people visit a bank branch, but for UnionBank, VR is a tool that can change not just how people view banks but the banking experience itself.  Read more »

UnionBank to acquire majority stake in PETNET

ABS-CBN News
Updated as of Sep 10 02:45 PM

UnionBank said Monday its subsidiaries would acquire the majority stake in PETNET, which has the largest network of Western Union outlets in the country. Read more »

Visa, Unionbank launch blockchain payment system

ABS-CBN News
Updated as of Jan 22 02:26 PM

Visa and UnionBank on Monday said they would offer the country’s first direct blockchain payment system for businesses. Read more »

How biometrics can help fight bank fraud

ABS-CBN News
Updated as of Jan 16 01:53 PM

Unionbank EON on Tuesday pushed for biometrics as the banking industry increased its defenses against the rising risk of fraud. Read more »

UnionBank acquires Isabela-based thrift bank

ABS-CBN News
Posted at Jan 02 04:11 PM

Union Bank of the Philippines said Tuesday its unit, City Savings Bank, would acquire an Isabela-based thrift bank. Read more »

Gov't, banks, developers give tips on using 'over-hyped' Bitcoin in PH

Jessica Fenol, ABS-CBN News
Updated as of Dec 15 03:19 PM

Despite the skyrocketing value of Bitcoin, hitting $17,428.42 on Tuesday, fintech developers, financial institutions and the Bangko Sentral ng Pilipinas (BSP) warned against its volatility. Read more »

Selfies repel fraudsters as banks fortify digital defenses

Joel Guinto, ABS-CBN News
Updated as of Dec 13 12:20 PM

The blink of an eye triggers a selfie camera shutter and after a digital exchange between the mobile phone and a secure server, the client gains access to his bank account in a second. Read more »

Unionbank going 'full force' on digital: official

ABS-CBN News
Posted at Nov 23 12:40 PM

Unionbank is going "full force" with its shift to digital transactions, while increasing spending on cyber security, a bank official said Thursday. Read more »