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Net income surged 113 percent to P6.9 billion, while revenue rose 9 percent to P43.1 billion, with the Parent Bank contributing 96 percent of earnings as its core franchise sustained last quarter’s momentum.
Consumer banking leads
Consumer lending remained the bank’s biggest growth engine, accounting for 61 percent of its loan portfolio, as credit card and personal loans lifted gross consumer lending by 10 percent, while a 7 percent increase in CASA balances widened net interest margin to 6.9 percent.
Sharper focus
“We continue to build on the actions we began in 2025 to enhance our balance sheet while sharpening our focus on the businesses that drive long-term value for the group. Our customer franchise remains strong, asset quality continues to improve, and we are confident that we can continue the positive profitability trajectory,” said UnionBank chief financial officer Manuel R. Lozano.
Building the core
“At the same time, we are taking deliberate steps to simplify the group and rationalize businesses where we believe resources can be better deployed. These actions are part of UnionBank’s broader strategy to sharpen focus on its core capabilities while continuing its journey to lead next-generation banking in the Philippines,” he added.
The bank continued building reserves to support future loan growth even as credit costs fell 19 percent to P9.4 billion, reflecting improving asset quality.
Fee income from cards, wealth management, bancassurance and everyday banking transactions lifted non-interest income 12 percent to P9.4 billion, supported by UnionBank’s 19.3 million customers.
—Edited by Miguel R. Camus
