In a disclosure to the Philippine Stock Exchange, UnionBank said it received a notice from the BSP dated July 18, 2022 “approving the acquisition by UnionBank of Citigroup's consumer business in the Philippines, which acquisition is composed of selected consumer assets and liabilities, real estate properties and interests of Citi Square Building Corp., and 100% of the capital stock in Citicorp Financial Services and Insurance Brokerage Philippines Inc.”