The shift to mobile and digital banking boosted the performance of the Union Bank of the Philippines (UBP) in 2022.
THE shift to mobile and digital banking boosted the performance of the Union Bank of the Philippines in 2022.
“In 2022, we witnessed a momentous shift in our business model. We have a solid balance sheet that continues to provide us above industry net interest margins,” said Executive Vice President and Chief Finance Officer Manuel R. Lozano. “Revenues mainly came from net interest income and fee-based income, which compensated for the absence of trading gains,” Unionbank said.
“At the start of 2022, we made a commitment to execute on key strategic imperatives. First, the seamless integration of the acquired Citi consumer business, which includes customers and employees,” said Edwin R. Bautista, President and Chief Executive Officer.
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