Philippines
About Union Bank of the Philippines
Union Bank of the Philippines, along with its subsidiaries, delivers a comprehensive range of commercial banking products and services in the Philippines. Established in 1968 and headquartered in Pasig, the bank serves retail, corporate, middle-market, institutional clients, and small-to-medium enterprises (SMEs).
Business Segments
- Consumer Banking: Savings, checking, and time deposit accounts; personal, auto, and mortgage loans; debit and credit cards.
- Institutional Banking: Commercial banking, cash management, corporate finance, and capital markets services.
- Mass Market/Digital Banking: Salary, pension, and seafarer loans; digital banking solutions for retail deposits and loans.
- Treasury Banking: Foreign exchange, fixed-income trading, and liquidity management.
- Trust and Insurance: Asset management, fiduciary services, and bancassurance products.
Key Offerings
- Deposit accounts (savings, checking, time deposits).
- Loan products (personal, auto, mortgage, SME financing).
- Credit and debit card services.
- Investment management and securities brokerage.
- Foreign currency trading and remittance services.
- Digital banking platforms for retail and mass-market clients.
Additional Services
The bank also provides venture capital solutions, data processing, and acts as an agent for insurance and financial products. Formerly known as Union Savings and Mortgage Bank, it rebranded to Union Bank of the Philippines in 1982.