Union Bank of the Philippines
() more commonly known as UnionBank
, is one of the largest banks
in the Philippines
, ranking seventh in terms of assets after its successful merger with smaller competitor International Exchange Bank
. It is one of the most stable Philippine banks and is the host bank of the E-Card accounts of the members of the Government Service Insurance System
UnionBank is a Philippine universal bank. Today multiple channels are available for transaction and information access: nationwide branch network, on-site and off-site automated teller machines, a call center and Internet bank.
In strategic business, the bank is a provider of corporate cash management & B2B solutions to leading local and multinational companies operating in the country. Its other lines of business are in Treasury services & capital markets, Internet banking, consumer finance and distribution network.
UnionBank is a partnership among the Aboitiz Group, Insular Life and Social Security System. It started operations in 1981 and became a commercial bank on January 19, 1982. In July 1992, UnionBank was granted the license to operate as a universal bank.
Subsidiaries and Affiliates
UnionBank is divided into the following subsidiaries and affiliates: