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Union Bank profit growth eases

Union Bank of the Philippines’ first semester net profit eased by 48.8 percent year-on-year to P3.17 billion in the absence of the extraordinary trading gains that had boosted its earnings the previous year.

Posted: July 28th, 2014 in Headlines | Read More »

AEV secures BSP nod to acquire thrift bank

Union Bank of the Philippines, a unit of Aboitiz Equity Ventures, has obtained the Bangko Sentral ng Pilipinas’ approval to acquire Cebu-based thrift bank City Savings Bank for P5.728 billion.

Posted: March 25th, 2013 in Headlines | Read More »

Union Bank finalizes takeover of Cebu thrift bank

By
citysavings blogo

Aboitiz-led Union Bank of the Philippines has obtained board approval to take over 99.54 percent of 32-branch Cebu-based thrift bank City Savings Bank (CitySavings) for P5.7 billion.

Posted: February 7th, 2013 in Latest Business Stories | Read More »

Union Bank taking over CitySavings Bank

By
union-bank

MANILA, Philippines—Union Bank of the Philippines is set to buy 32-branch thrift bank City Savings Bank, marking a consolidation of the banking interests of the Aboitiz group.   In a joint statement, Union Bank and parent conglomerate Aboitiz Equity Ventures announced the acquisition by the former of 99.54 percent of CitySavings for about P5.7 billion. [...]

Posted: January 9th, 2013 in Latest Business Stories | Read More »

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