UnionBank to Absorb Digital Units for Streamlined Operations, Enhanced Services
Business

UnionBank to Absorb Digital Units for Streamlined Operations, Enhanced Services

Union Bank of the Philippines plans to absorb its digital banking subsidiary UnionDigital and fintech arm UBX into the parent bank. This move aims to streamline operations and consolidate digital capabilities. The integration is subject to regulatory approval, with assurances of minimal customer disruption.

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  • UnionBank Profit Soars 53% to P9.9B in Nine Months

    Union Bank of the Philippines reported a 53% surge in net income to P9.9 billion for the nine-month period, driven by wider lending margins and increased fee earnings. The bank also plans to integrate its digital banking and fintech arms.