The pandemic has undoubtedly accelerated digital transformations globally and across all sectors, prompting businesses and economies to make an abrupt pivot to ride this unprecedented wave of changes. Some businesses, however, are fortunately well-positioned to go digital even prior to the onset of the pandemic, enabling them to quickly adapt to the “new normal.” Union…
Aboitiz-led Union Bank of the Philippines has invested some P1.9 billion to create new products and platforms that would contribute to social sustainability metrics amid the prolonged coronavirus (COVID-19) pandemic. This investment has, in turn, allowed the bank develop over 100 products and platforms that benefit the bank’s stakeholders and customers, Unionbank head of sustainability…
Aboitiz-led UnionBank of the Philippines (UBP) grew its first quarter net profit by 79 percent year-on-year to P4.7 billion on the back of higher interest earnings and hefty trading gains. This performance translated to a robust return on equity of 18.1 percent, the bank told the Philippine Stock Exchange on Friday. “Our strong financial performance…
Money changing hands became risky behavior because of COVID-19 so Filipinos promptly jumped online for financial transactions. “The pandemic broke through the inertia of digital adoption,” said Justo A. Ortiz, UnionBank of the Philippines vice chair in “Brand Digital Pilipinas: The New People’s Revolution,” a discussion at the Singapore Fintech Festival (SFF) held in December…