Unionbank logs P8.1B net income in 9 months: UNION Bank of the Philippines’ net income for the first nine months of 2023 was P8.1 billion. The bank told the local bourse Tuesday, Oct. 31, 2023, that business fundamentals remain strong and the bank’s topline revenues continue to record robust growth, because of its focus in the consumer segment. Consumer loans grew faster at 22 percent year-on-year.
PROVING its status anew as an industry trailblazer, Union Bank of the Philippines (UnionBank) recently achieved another first in the industry after securing a Certificate of Authority from the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP), making it the first and only universal bank in the Philippines to offer virtual asset exchange services.
In a filing with the stock exchange, UnionBank said the update was completed the day before, noting that the increase was approved by its board of directors in March this year.
Union Bank of the Philippines (UnionBank) continues to reap the rewards of its digital advocacy as it collected notable recognitions at The Digital Banker’s Global Retail Banking Innovation Awards recently held at the Raffles Hotel in Singapore.
Union Bank of the Philippines (UnionBank) continues to reap the rewards of its digital advocacy as it collected notable recognitions at The Digital Banker's Global Retail Banking Innovation Awards recently held at the Raffles Hotel in Singapore.