ABOITIZ-LED Union Bank of the Philippines (UnionBank) could deliver more moderate growth next year due to high funding costs and slower lending expansion, Maybank Investment Banking Group said.
UNION Bank of the Philippines (UnionBank) saw its consolidated net income for the first nine months of 2023 fall by 20 percent to P8.1 billion from last year s P10.13 billion due to higher expenses.
UNION Bank of the Philippines (UnionBank) on Tuesday said it had been given the go signal by the Bangko Sentral ng Pilipinas to operate as a virtual asset service provider (VASP), making it the first and only universal bank in the country to offer such.
The Aboitiz Group is making “seamless and synergetic adjustments in the organization” by swapping the chief finance officers of investment arm Aboitiz Equity Ventures and Union Bank of the Philippines.
In a statement, the group said AEV Senior Vice President and Chief Financial Officer (CFO) Manue