Moody’s Ratings paints a challenging picture for the Union Bank of the Philippines (Union Bank) as it grapples with rising credit costs and a growing proportion of risky loans — all of which are expected to impact its profitability. The recent decline in Union Bank’s asset quality and profitability metrics has raised red flags, as […]
Union Bank of the Philippines (UnionBank) has recently acquired bonds valued at over P200 million. The bonds, which were issued three years prior, effectively completed its dual-tranche bond offering. In a press statement, the Aboitiz-led bank said that it has bought P236.7 million worth of its Series C bonds as part of a bond exchange […]
Citi, an American multinational investment bank and financial services company based in New York City, is now working on improving its global consumer base and recruiting more talent as it continues to grow its banking presence in Asia. Just recently, the largest foreign commercial bank in the country completed the sale of its retail-banking business […]
Union Bank, a publicly-listed universal bank with over 5 million customers, 200 branches, and 7,000 cash-in and cash-out points, has just issued the country’s first-ever offering of Digital Peso Bonds. The move is in line with its vision to transform traditional banking services through digital innovations. Digital peso bonds serve as a “proof-of-concept” for the […]
