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Union Bank to triple capital to P23.1B, eyes acquisitions

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unionbank

Union Bank of the Philippines is seeking authority to triple its authorized capital to P23.1 billion “to seize growth opportunities,” including potential acquisitions.

Posted: May 2nd, 2014 in Latest Business Stories | Read More »

Union Bank profit up 19%

Aboitiz-led Union Bank of the Philippines grew its 2013 net profit by 19 percent to P9.02 billion as the bank boosted its lending portfolio, reduced reliance on the treasury business and gained from the acquisition of thrift bank City Savings.

Posted: January 26th, 2014 in Headlines | Read More »

Union Bank to retire P3.75B debt notes

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unionbank

Aboitiz-led Union Bank of the Philippines is set to retire P3.75-billion worth of debt notes previously qualifying as supplementary or tier 2 capital under the expiring Basel 2 capital adequacy framework.

Posted: November 26th, 2013 in Latest Business Stories | Read More »

UBP issues P5B in deposit certificates

Aboitiz-led Union Bank of the Philippines on Monday debuted on the long-term negotiable certificate of deposits (LTNCD) market with an offering of as much as P5 billion, taking advantage of the liquid financial market to secure long-term funding.

Posted: September 30th, 2013 in Headlines | Read More »

Union Bank raising P5B from high-yielding deposit offer

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union-bank

Aboitiz-led Union Bank of the Philippines debuted into the long-term negotiable certificate of deposits (LTNCD) market on Monday with an offering of as much as P5 billion, taking advantage of the liquid local financial market to boost long-term funding.

Posted: September 30th, 2013 in Latest Business Stories | Read More »

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