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 Union Bank of the Philippines beat market expectations, posting a record net income of Php4.3 billion for the year 2009, more than double the Php2.1 billion the Bank earned in 2008. The net income was on top of the Php2.0 billion provided for impairment losses which made all non-performing loans of the Bank more than 100% covered. Return on equity and return on assets, were at highs of 14.6% and 1.9%, respectively. read more
UnionBank received recognition with an Anvil Award of Excellence for its Annual Report 2008 during the 45th Anvil Awards of the Public Relations Society of the Philippines (PRSP) held at the Edsa Shangri-La Hotel. This annual award is known to be the “Oscars” of public relations. Dr. Cayetano Paderanga, a former socio-economic planning chief and a UP economics professor is the award’s chairman of the 32-member Board of Jurors. read more
Kimberly-Clark Philippines, Inc. recently signed with UnionBank by availing of the Bank’s premiere disbursement product, the Union Checkwriter System. This web-based cash management facility allows the company to outsource the preparation (check printing, cutting, signing) and release of check to various suppliers using UnionBank’s branch network nationwide. With this facility, Kimberly-Clark’s disbursements become more effective and efficient. read more
The Bank recently signed a Memorandum of Agreement (MOA) for a partnership selling arrangement with MAPFRE Insular Insurance Corporation. The strategic alliance is in support of UnionBank's thrust to increase its market share in the auto financing business via a new sales channel. read more
The Bangko Sentral ng Pilipinas (BSP) and UnionBank’s Trust and Investments Services Group (TISG) recently signed an agreement making TISG as one of the accredited equity fund managers for the BSP Provident Fund. This particular fund provides BSP employees with retirement plan benefits and annual dividends. read more
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 March 10, 2010 The bullish sentiment continued, with market players pushing rates down once again, this time by 1.5 - 2 basis points across 3 to 7-year securities. By the midday break, another very active morning session produced a huge volume of Php 19.87-bn worth of trades.Similar to the past couple of days, the afternoon market was more subdued, only range-trading around the levels before the break. However, Activity was still strong between both sides, dealing another big volume of Php 10.39-bn despite the tight bid-offer range across of 1 basis point.  BUYING: 45.000 | SELLING: 46.100 
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