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More articles about: UnionBank
This includes credit cards, personal loans, wealth management, and retail deposit businesses.
After months of hearsay, it’s finally official: UnionBank of the Philippines will acquire Citigroup’s consumer banking business in the Philippines. The local bank has entered a Share and Business Transfer Agreement with the various subsidiaries of Citigroup Inc. to complete the acquisition. UnionBank ...
Negotiations are ongoing.
It looks like Citigroup has found a Filipino partner that will take on its consumer banking assets following its exit from the country earlier this year. A Bloomberg report on Wednesday (December 1), cited sources who said Citigroup Inc has chosen Union Bank ...
But more companies want in on the action.
The Bangko Sentral ng Pilipinas has granted Union Bank of the Philippines’ application to establish a digital bank in the country. Union Digital Bank or UnionDigital, which is a wholly owned subsidiary of UnionBank, is the fourth digital-only bank to be granted ...
How has the COVID-19 pandemic affected the ultra-wealthy in the Philippines and across the region?
To be specific, a person who is considered an “ultra-high net worth individual” (UHNWI) needs to have at least $30M of investible assets. At least that’s how local bank Unionbank defines the term. It’s a segment of the population who are movers ...
Digital-first companies UnionBank and Lazada team up to make online shopping worthwhile.
The Worst Year Ever has forced people to do things differently. We wear masks. We don’t wear shoes. We work via screens. We are more distrustful of strangers who may be potential carriers of a deadly virus. We are also doing most ...
No wonder it bills itself as the country’s “best digital bank."
Compared to last year, the Philippines had a slightly more sizable presence at the 2019 Singapore Fintech Festival. For the first time, members of the Fintech Association of the Philippines had a booth showcasing some of the more well-known homegrown financial technology ...
It also promises to help clients prepare the next generation of the ultra-rich.
A new private banking service by a local bank will cater to ultra-high net worth individuals and their families, people who have a net worth of at least P100 million.UnionBank recently launched its new private banking service, which it will carry out ...
What’s the use of having lots of money if you don’t know how to handle it?
According to the latest Wealth Report from real estate consultancy Knight Frank, there were over 24,100 individuals in the Philippines whose net worth was at least $1 million (P52.7 million) in 2018. That number shrinks to 215 when you only count ultra ...
