UnionBank 2018 Net Income Hits PhP7.3B

Union Bank of the Philippines (PSE: UBP) has reported 2018 net income of PhP7.3 billion. Total income taken to retained earnings amounted to PhP8.5 billion, inclusive of adjustments related to the adoption of PFRS9 accounting standards during the year. As of end 2018, UnionBank’s total assets reached PhP674.2 billion. Customer loans increased by 16% year-on-year […]
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UnionBank to Acquire PR Savings Bank

City Savings Bank Inc. (CitySavings), the thrift banking arm of Union Bank of the Philippines (UnionBank, PSE: UBP), has signed a Share Purchase Agreement (SPA) with the ROPALI group to acquire 100% of the common shares of Philippine Resources Savings Bank (PR Savings). “This acquisition will expand our mass market reach, consistent with our vision […]
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