The Aboitiz family-led Union Bank of the Philippines is raising at least P10 billion, tapping the debt market anew with a fresh offering of 1.5-year and 3-year peso bonds, priced at 5.88 percent and 6.02 percent per annum, respectively.
The Aboitiz Group’s UnionBank of the Philippines has doubled the size of its peso bond program to P100 billion, giving it more room to raise funds through the debt market.
The Aboitiz family’s Union Bank of the Philippines has sold its trust business to ATRAM while buying into its future, taking a 27.5 percent stake in ATR Asset Management Inc. as part of a newly finalized strategic partnership.
UnionBank of the Philippines is ramping up its use of artificial intelligence (AI) to transform operations, citing a significant boost in customer onboarding and credit approvals as a result.
The Aboitiz family-led UnionBank of the Philippines reported a net income of P1.4 billion in the first quarter of 2025, down 30 percent from P2 billion a year ago, as one-time costs temporarily weighed on its results.
The Aboitiz family-led Union Bank of the Philippines is embarking on its largest fundraising effort to date, planning to raise P76 billion through debt sales. The funds will be used to refinance upcoming obligations and expand lending in the fast-growing consumer segment.
Fifth-generation Aboitiz heiress and UnionBank of the Philippines’ newly appointed president and CEO Ana Aboitiz Delgado is confident in stronger results this year after a 31-percent jump in profits in 2024 to P12 billion.