UnionBank of the Philippines sustained its growth momentum and posted a net income of Php2.2 billion for the first half of 2010. Net interest income increased by 10.6% to Php3.5 billion, as earning assets expand by 12.0% year-on-year. Return on equity and return on assets stood at 13.9% and 1.8%, respectively, while revenue-to-expense ratio remained close to 2.0x.  read more

Asianlife & General Assurance Corporation (ALGA) and Asianlife Financial Assurance Corporation (ALFA) have signed with UnionBank to avail of the Corporate Checkwriter facility of the Bank’s Cash Management Services. This enables the company to efficiently disburse voluminous checks issued monthly to their policy holders and provide loan grants to public school teachers.  read more

In the 2009 Corporate Governance (CG) Scorecard project participated in by 214 publicly listed companies (PLCs), UnionBank ranked in the “Silver Category” comprised of PLCs with overall scores from 90% to 94%. The Institute of Corporate Directors (ICD), proponent of the CG Scorecard project in the Philippines, awarded the top scoring PLCs during its 7th Annual Dinner held recently at the Manila Peninsula.  read more

Launched in 2008, the UnionBank Platinum Visa offers a dedicated global concierge, a Travel Program consisting of travel accident insurance, global emergency assistance, mileage program, travel rewards & adventures and an airport lounge at Club Manila.  It also boasts of a discount program covering world renowned dining & hotel merchants. Its golf access program covers over 200 golf courses with yearly complimentary tee-offs.   read more

UnionBank was acknowledged as having the Best Medium Term Philippine Peso Bond Fund during the recently held 2010 Lipper Fund Awards. The Bank’s Philippine Peso Bond Portfolio, a unit investment trust fund managed by the Trust and Investment Services Group (TISG), was able to consistently deliver strong risk-adjusted performance relative to peers. The fund was the best among 14 funds evaluated under the Lipper Leader Rating System. read more