Union Bank of the Philippines 2022 AR2
The report highlights UnionBank's strategic milestones in 2022, including the successful integration of Citigroup's consumer banking business in the Philippines and the commercial launch of its digital-only subsidiary, UnionDigital Bank. The bank achieved a record high in recurring revenues of Php 52.2 billion and breached one trillion pesos in total assets for the first time in its history. On the sustainability front, UnionBank advanced its 'Tech Up Pilipinas' initiative, educating over 16,000 individuals through its UBPXcellerator program and issuing its first social bond in partnership with the International Finance Corporation to support MSMEs. Additionally, the bank inaugurated the state-of-the-art UnionBank Innovation Campus to cultivate digital talent and foster technological collaboration.
Company: Union Bank of the Philippines
Sector: Financials
Country: Philippines
Year: 2022
Type: AR2
Pages: 335
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Union Bank of the Philippines
Annual Report
The report highlights UnionBank's strategic milestones in 2022, including the successful integration of Citigroup's consumer banking business in the Philippines and the commercial launch of its digital-only subsidiary, UnionDigital Bank. The bank achieved a record high in recurring revenues of Php 52.2 billion and breached one trillion pesos in total assets for the first time in its history. On the sustainability front, UnionBank advanced its 'Tech Up Pilipinas' initiative, educating over 16,000 individuals through its UBPXcellerator program and issuing its first social bond in partnership with the International Finance Corporation to support MSMEs. Additionally, the bank inaugurated the state-of-the-art UnionBank Innovation Campus to cultivate digital talent and foster technological collaboration.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Assurance
Assurance Provider
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Employees