Union Bank of the Philippines is setting the stage for a more profitable and resilient future, supported by sustained revenue growth, a rapidly expanding customer base, and successful fundraising efforts that position it well for long-term expansion.
While the bank reported a net income of ₱3.3 billion for the first half of 2025—a 35% dip compared to the same period last year—this was largely due to proactive investments in operational and financial resiliency. These strategic efforts are designed to strengthen the bank’s infrastructure and ensure it is well-equipped for sustained growth in an evolving banking landscape.
“Our top line continues to show solid momentum,” said UnionBank President and CEO Ana Aboitiz Delgado. “We’re optimistic that as we stabilize operational expenses, we’ll see improved profitability in the coming quarters.”
Revenue gains driven by consumer growth
UnionBank’s total revenues climbed 9.2% to ₱39.7 billion in the first six months of 2025, propelled by strong net interest income, which rose in step with the continued growth of its credit card and personal loan portfolio.
The bank’s retail customer base also expanded significantly, reaching 18 million by the end of June—a key driver behind a 17.1% increase in transaction volume.
“As we welcome more customers, we remain committed to providing secure, seamless, and rewarding banking experiences,” Delgado said. “We’re investing today so we can better serve the needs of tomorrow.”
Successful fundraising fuels expansion plans
In July, UnionBank successfully raised ₱16 billion through a dual-tranche bond offering—well above its ₱10 billion base target—demonstrating strong investor confidence in its long-term direction.
The bank secured ₱9.25 billion from its 1.5-year Series H bonds at 5.88% and ₱6.75 billion from its three-year Series I bonds at 6.02%. Proceeds will be used to support expansion plans, extend term liabilities, and strengthen the bank’s funding base.
This bond offering is part of UnionBank’s enhanced ₱100-billion bond program, which has grown steadily since its original ₱39-billion approval in 2019. The program was most recently doubled in May 2025, reflecting the bank’s forward-looking growth strategy.
A confident outlook
With total assets reaching ₱1.14 trillion as of mid-2025, UnionBank remains among the country’s top ten banks. Its ongoing digital transformation, customer-first approach, and continued investments in resiliency and innovation are shaping a more robust and future-ready institution.
“We’re excited about what’s ahead,” Delgado said. “UnionBank is focused on smart, scalable growth—and we’re confident that the steps we’re taking now will lead to stronger returns and greater value for our customers, investors, and the communities we serve.”
