Friday, 5 July 2024
29 Apr 2024
8:42AM
UnionBank's CFO Announces Completion of Citi Integration Amid 41% Profit Decline in Q1 2024
By: Miguel R. Camus
Aboitiz-led Union Bank of the Philippines is eager to move forward from the costly integration of Citi’s consumer business, which has taken a toll on the banking giant’s bottom line, including a P1.1 billion one-time charge during the first quarter of the year.
20 Apr 2024
10:17AM
UnionBank targets P10 billion raise, pushes expansion despite 15-month share downturn
By: Miguel R. Camus
The Aboitiz Group’s UnionBank of the Philippines is raising up to P10 billion through the sale of shares to existing stockholders—an exercise known as a stock rights offer.
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