UnionBank earns P792 million in 1st quarterMay 10, 2006
UnionBank of the Philippines recorded a net income of P792 million in the first quarter of 2006, slightly higher than the previous year’s P790 million. This is on top of the P75 million the bank has set aside for loan loss provision. Rising profits from consumer finance, cash management and capital markets businesses increased revenues by P132 million to P2.4 billion.
UnionBank to purchase iBank shares at P42.50May 8, 2006
The Board of Directors of UnionBank of the Philippines (UnionBank) has approved the purchase of at least 67% and up to 100% of the voting shares of the International.
UnionBank net income hits record P2.76 billion in 2005February 16, 2006
Union Bank of the Philippines hit a record P2.76 billion in net income in 2005, 21% higher than the previous year’s P2.28 billion. The bank’s net income has been growing by a compounded annual rate of more than 20% in the past five years. Return on average equity increased to 15.4% in 2005 from 14.2% in 2004 while return on average assets stood at 2.6%. Improved profitability was achieved on top of the 20% increase in provisions for loan losses to P421 million for the year from P350 million in 2004.
UnionBank adds customs bureau to OneHub.GovJanuary 28, 2006
UnionBank has recently added the Bureau of Customs (BoC) to its OneHub.Gov platform with the implementation of its Customs Duties e-Payment Facility. This is in line with the bank’s continued commitment to be a vital link to the government’s e-initiatives by providing the essential settlement/payment gateway facility. Corollary to this is the UnionBank’s primary obligation to provide better alternatives, more convenience, and ease in processing to all its corporate clients.
UnionBank turns 22January 25, 2006
January 19, 2004 marked the 22nd anniversary of UnionBank. Metro Manila-based UnionBankers celebrated the occasion at the Westin Philippine Plaza on January 16 while the Metro Cebu party was held on January 23 at the Grand Convention Center.
unionbankph.com regains Philippine Web Awards crownJanuary 24, 2006unionbankph.com
again took home the Best Banking and Finance Website trophy as well as the People’s Choice for Banking and Finance at the recent 8th Philippine Web Awards. The Web Awards is an annual recognition of the best Filipino websites.
UnionBank net income rises 17% to P1.92 billionOctober 9, 2005Aboitiz-led UnionBank of the Philippines reported a 17% year-on-year growth in net income - of P1.92 billion in the first nine months of 2005 after setting aside P270 million as provision for probable loan losses. The bottom line yielded a return on average equity of 14.8% versus 13.8% in the same period last year.
UnionBank donates to Children’s HourAugust 30, 2005
UnionBank recently turned over its P700,130.88 donation to the Children’s Hour Steering Committee.
UnionBank supports BIR campaignAugust 30, 2005
UnionBank of the Philippines recently gave its full support to the Bureau of Internal Revenue’s (BIR) ongoing tax campaign particularly the information roadshow project called “BIR on Wheels”. The project aims to bring BIR’s services to the taxpayers’ doorstep and assist those who have concerns with their BIR registration.
UnionBank to provide onlineAugust 30, 2005UnionBank of the Philippines was recently appointed by the Securities and Exchange Commission (SEC) to handle the integrated collection and settlement function of SEC’s i-Register System, a web-based application designed to verify and reserve company names and register any type of organization with the SEC.