Union Bank of the Philippines Company Description

Union Bank of the Philippines, together with its subsidiaries, provides commercial banking products and services in the Philippines.

It operates through Consumer Banking, Institutional Banking, Mass Market/Digital Banking, Treasury Banking, and Trust and Insurance segments.

The company offers individual customer and time deposits; deposit and current accounts for corporate, institutional, and middle market customers; and consumer loans, such as personal loans, automobiles and mortgage financing, credit card facilities, and small and medium enterprises loan products.

It also provides mass market financial products and services, including salary loans, pension loans, seafarer loans, motorcycle loans, company loans, LGU salary loans; funds transfer facilities; retail financial products through its digital banking platform; and treasury banking comprising foreign exchange, fixed income trading and investments, and derivatives.

In addition, the company offers trust, asset management, and fiduciary services; and cash management, capital market, and bancassurance products and services.

Further, it is involved in the foreign currency trade and remittance business; marketing business; securities brokerage; venture capital business; private development bank business; and insurance and securities brokerage.

The company was formerly known as Union Savings and Mortgage Bank and changed its name to Union Bank of the Philippines in January 1982.

Union Bank of the Philippines was incorporated in 1968 and is based in Pasig, the Philippines.