UnionBank of the Philippines

UnionBank of the Philippines is a major financial institution specializing in banking and financial services. Its primary activity is to offer a comprehensive range of banking products and services, including current and savings accounts, personal and commercial loans, credit cards, wealth management services, as well as innovative digital banking solutions. UnionBank primarily serves individuals, small and medium-sized enterprises (SMEs), and large corporations, with an emphasis on digital transformation and the accessibility of its services through online and mobile platforms. The bank aims to meet the Philippine market’s needs for modern, secure, and convenient financial services.

UnionBank of the Philippines, commonly known as UnionBank, is one of the country’s leading universal banks. Founded in 1968, it has experienced significant growth thanks to a strategy focused on technological innovation and digital transformation.

Key milestones in its development:

• Establishment (1968): UnionBank was created to offer comprehensive banking services to individuals and businesses in the Philippines.
• Stock market listing: The bank was listed on the Philippine Stock Exchange, strengthening its financial position and visibility.
• Digital transformation: UnionBank distinguished itself through its early commitment to digitalization, launching innovative online and mobile banking platforms to enhance the customer experience.
• Products and services: It offers a wide range of products, including current and savings accounts, loans, credit cards, cash management services, and banking solutions for businesses.
• Strategic partnerships: UnionBank has established partnerships with technology companies and fintechs to accelerate innovation and offer new services to its clients.
• Acquisitions: The bank has made several acquisitions to strengthen its market presence and expand its service portfolio.
• Strategic changes: UnionBank adopted a technology-centered strategy, becoming a leader in digital banking in the Philippines and receiving numerous awards for its innovative initiatives.

Today, UnionBank is recognized as a pioneer of digital transformation in the Philippine banking sector, continuing its expansion through innovation and excellence in customer service.

The founder of UnionBank of the Philippines is a consortium composed of the Aboitiz family, the Sarmiento family, and the Social Security System family. The main members of the management team include Edwin R. Bautista (President and CEO), Justo A. Ortiz (Chairman of the Board), and other senior executives such as Ana A. Delgado (Chief Customer Experience Officer) and Manuel G. Santiago, Jr. (Chief Mass Market and Financial Inclusion Executive). These leaders play a key role in the bank’s strategy and management.