Formerly | Union Savings and Mortgage Bank |
---|---|
Company type | Public |
PSE: UBP | |
Industry | Finance and Insurance |
Founded | August 16, 1968Manila, Philippines | in
Headquarters | , |
Area served | Philippines |
Key people | |
Products | Digital banking Consumer banking Commercial Banking Mutual Funds Insurance Private Banking Credit Cards |
Revenue | ₱38.58 billion (2020) |
₱11.55 billion (2020) | |
Total assets | ₱774.46 billion (2020) |
Number of employees | 3,525 (2020) |
Capital ratio | Tier 1 15.0% (2020)[1] |
Website | www |
The Union Bank of the Philippines, Inc. (PSE: UBP), more commonly known as UnionBank, is one of the universal banks in the Philippines and the ninth largest bank in the country by assets.[2]
UnionBank is a joint consortium among the Aboitiz Group, Insular Life, and Social Security System. It started operations in 1981 and became a commercial bank on January 19, 1982. In July 1992, UnionBank was granted the license to operate as a universal bank.