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UnionBank Awarded for Corporate Governance in the 10th Corporate Governance Recognition Awards: The Best of Asia 2014 UnionBank of the Philippines has once again been recognized as one of Asia’s most promising companies for corporate governance during the 10th Corporate Governance Asia Recognition Awards held last October 24, 2014 at the Renaissance Harbour View, Wan Chai, Hong Kong. Atty. Cesar G. Ilagan, UnionBank Senior Vice President/Controller, received the award on behalf of the Bank. read more
UnionBank  of  the  Philippines  (UnionBank)  registered  a  consolidated  net  income  of  Php3.2 billion for the first  half  of 2014,  compared to the  Php6.2  billion earned  in the same  period the previous year, when exceptionally high trading gains  were realized.  This translates to return on equity and return on assets  at  13.7% and 1.6%, respectively.    The Bank’s revenue-to-expense ratio stood at 1.9x, consistent with the Bank being among the most cost-efficient in the industry. read more
Union Bank of the Philippines (UnionBank) posted a net income of Php1.5 billion for the first three months of 2014, 61% lower than the Php4.0 billion earned a year ago,largely on account of the exceptionally high trading gains in the same quarter last year. Net interest income improved by 25% to Php2.6 billion, on the back of the 43% expansion in average levels of earning assets coupled with the continuous reduction in average funding costs.  Service charges, fees and commissions similarly increased by 73% to Php0.9 billion, driven primarily by the strong loan releases of the newly acquired CitySavings Bank. read more
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December 17, 2014

USD/PHP closed near flat as players chose to stay on the sidelines ahead of the FOMC statement happening tonight. With FX price action seemingly increasingly driven by position adjustment, flight from risk and repatriation by US investors, the meeting result may not be the clear-cut market catalyst many have been expecting it to be over the past few weeks.  Global markets expect the FOMC to look past the recent external market volatility and respond to steadily improving data with a removal of the “considerable time” language. As for the local pair, it has been holding steady at the Php44.470-870 range with the upside, capped at Php45.00.        


BUYING: 44.400 | SELLING: 45.200
December 17, 2014

Philippine Peso Fixed Income 2014-12-16
245.016616 1.520000% 1.170000%
Dollar Bond 2014-12-16
1.977209 3.670000% 3.630000%
Peso Balanced Fund 2014-12-16
143.692847 5.290000% 6.570000%
Large Cap 2014-12-16
723.463318 9.450000% 11.070000%
Peso Short Term Fixed Income 2014-12-16
130.850956 0.520000% 0.540000%
Long Term Fixed Income 2014-12-16
127.047979 0.020000% 0.260000%
Intermediate Term Fixed Income 2014-12-16
152.362040 1.010000% 1.120000%
Infinity Prime 2014-12-16
150.910712 0.650000% 0.320000%
Tax Exempt 2014-12-16
174.939378 2.820000% 2.660000%
Dividend Play Equity 2014-12-16
102.184357 2.180000% 2.180000%
Philippine Equity Index Tracker Fund 2014-12-16
104.067759 4.070000% 4.070000%

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