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Aboitiz Equity sees 3% rise in Q3 profit

Conglomerate Aboitiz Equity Ventures Inc. (AEV) saw its third quarter net profit grow by 3 percent year-on-year to P4.8 billion, aided by improved earnings from its banking business.

Posted: October 30th, 2014 in Headlines | Read More »

Union Bank gets BSP nod to triple capital

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unionbank

Union Bank of the Philippines has obtained approval from the Bangko Sentral ng Pilipinas (BSP) to triple its authorized capital to P23.1 billion in line with the bank’s goal to become one of the country’s top three banks by 2020.

Posted: October 20th, 2014 in Latest Business Stories | Read More »

Union Bank moves closer to a decision on EIB’s fate

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Aboitiz-led Union Bank of the Philippines expects to complete within this month its due diligence audit on defunct Export and Industry Bank (EIB), for which it had submitted a proposal to come in as a “white knight.”

Posted: October 15th, 2014 in Headlines | Read More »

8 Philippine banks make it to global rankings list

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bdo

The SM group’s banking arm BDO Unibank Inc. has kept its bragging rights as the Philippines’ top bank in the Top 1,000 Global Banks Ranking 2014 report of British publication The Banker.

Posted: September 12th, 2014 in Headlines,Latest Business Stories | Read More »

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

By
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 »

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