Third Quarter Storm of Awards

The third quarter of 2017 has ushered in a storm of awards for the Bank from various international award giving bodies.

UnionBank is Philippine’s Strongest Bank (by Balance Sheet) for 2017
 – Asian Banker

Due to its exceptional balance sheet and strong financial results, UnionBank was recently judged as the "Strongest Bank in the Philippines" and "one of the 500 Strongest Banks Worldwide" for 2017, according to The Asian Banker.

The distinct recognition was conferred on the Bank during the 2017 SIBEX (organized by S.W.I.F.T.) Annual Conference in Toronto, Canada last October 17, 2017.   UnionBank SVP, Transaction Banking Center Head, John Cary Ong received the award on behalf of the Bank.

The Bank holds the top-spot among Philippine banks in this year’s Asian Banker 500 (AB500) "Strongest Banks in terms of Balance Sheet" – an annual comprehensive assessment of the financial and business performance of the commercial banking industry in the Asia-Pacific, Middle East and Africa regions.

Winners in the AB500 are determined using a quantitative scorecard, on a scale of 0 to 5, based on six (6) crucial performance indicators, namely scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.  Main sources of data include bank annual reports and statistics provided by central banks or industry associations.

Importantly, the "Asian Banker 500" ranking is widely followed by investors, analysts and the media as the leading source to assess the financial strengths of commercial banks in the region.
                                                                                                     
The Bank consistently ranks among the Top 3 listed banks in the Philippines in terms of profitability and cost efficiency ratios.  In 2016, UnionBank posted 16.30% return on equity(ROE), 2.20% return on assets (ROA) and 46.40% cost-to-income ratio.
         
For the first half of 2017, it recorded 12.70% ROE, 1.60% ROA and 52.90% cost-to-income ratio. These figures are well above the banking industry averages of 9.79% ROE, 1.17% ROA and 64.18% cost-to-income ratio.

It osted two consecutive years of record growth in customer loans and expanded at a rate that is twice that of the industry.

It’s total loans grew by 29% and 31% in 2015 and 2016, respectively, versus the industry’s 13% and 17% growth for the same years.  Meanwhile, as of June 2017, UnionBank’s loans increased by 32% year-on-year to P265.3 billion from June 2016’s P201.7 billion.

According to The Asian Banker, banks in the Philippines continue to exhibit stability and healthy competition amid the flourishing economy.

Capital Finance International (CFI.co - London) awards the Bank as Best Universal Bank – Phl 2017
 
The Bank has cemented its status as a leading bank in the country after it was conferred the Best Universal Bank Philippines 2017 Award by London-based print journal and online resource Capital Finance International (CFI.co) last Oct. 4, 2017.

Each year, CFI.co seeks out individuals and organizations that contribute significantly to the convergence of economies and truly add value for all stakeholders.

The CFI.co judging panel’s findings described UnionBank as a bank “that proactively hunts the best and brightest to preserve and expand its leading edge” and as a financial services provider “known and respected for its can-do attitude to the business.”

The judges lauded the bank for recognizing the value of a highly trained and experienced workforce who are able to “not just think outside the proverbial box, but shatter it” as it took the unusual step of inviting white-hat “hackers” (IT students and professionals) for a series of seminars via <U>HACK & PL@Y series, in which they face challenges in e-commerce or SME tools and how to incorporate new technology solutions in banking.

“We have a unique strategy of leveraging on our institutional and corporate customers by harnessing technology to build ecosystem solutions, and we really take this seriously.  The whole bank strategy is built around this,” UnionBank president and COO Edwin Bautista said in his interview with CFI.co.

The CFI.co judging panel noted that UnionBank also maintains a vast recruitment program directed at finding – and hiring – the best math and science majors at universities.

Reporting from frontlines of economies on the move, CFI.co realizes that best practice is to be found throughout the world. The awards program aims to identify and reward excellence wherever it is found, and inspire others to further improve their own performance.

CFI.co recognizes that the traditional distinction between emerging and developed markets is now far less meaningful as world economies converge.

Headquartered in London, the world’s most multicultural city, CFI.co covers and analyses the drivers behind that change. Combining the views of leading multilateral and national organizations with thought leadership from some of the world’s top minds – CFI.co’s dedicated editorial team ensures that readers better understand the forces influencing and reshaping the global economy.
                                 

1 Make sure that the website address appearing on your browser starts with https://ebanking.unionbankph.com/ and a padlock symbol (🔒) beside it.If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 You can only type in your password or PIN using the virtual keyboard.

3 Keepyour device virus-free. Make sure you have an updatedanti-virus software.

4 To secure your account, we strongly advise you to avoid downloading your banking documents using a public computer




For more information, please visit theSafe Surfing Guidelinespage or call our 24-hour Customer Support at (02)8418600.
1 Make sure that the website address appearing on your browser is Union Bank of the Philippines and has a padlock symbol (🔒) beside it. If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 You can only type in your password or PIN using the virtual keyboard.

3 Keepyour device virus-free. Make sure you have an updatedanti-virus software.

4 To secure your account, we strongly advise you to avoid downloading your banking documents using a public computer




For more information, please visit theSafe Surfing Guidelinespage or call our 24-hour Customer Support at (02)8418600.
1 Make sure that the website address appearing on your browser starts with https://ebanking.unionbankph.com and a padlock symbol (🔒) beside it.If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 You can only type in your password or PIN using the virtual keyboard.

3 Keepyour device virus-free. Make sure you have an updatedanti-virus software.

4 To secure your account, we strongly advise you to avoid downloading your banking documents using a public computer




For more information, please visit theSafe Surfing Guidelinespage or call our 24-hour Customer Support at (02)8418600.
1 Make sure that the website address appearing on your browser is Union Bank of the Philippines and has a padlock symbol (🔒) beside it. If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 You can only type in your password or PIN using the virtual keyboard.

3 Keepyour device virus-free. Make sure you have an updatedanti-virus software.

4 To secure your account, we strongly advise you to avoid downloading your banking documents using a public computer




For more information, please visit theSafe Surfing Guidelinespage or call our 24-hour Customer Support at (02)8418600.
1 Make sure that the website address appearing on your browser starts with https://ebanking.unionbankph.com and a padlock symbol (🔒) beside it.If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 Keepyour device virus-free. Make sure you have an updatedanti-virus software.

3 To secure your account, we strongly advise you to avoid downloading your banking documents using a public computer




For more information, please visit theSafe Surfing Guidelinespage or call our 24-hour Customer Support at (02)8418600.
1 Make sure that the website address appearing on your browser is Union Bank of the Philippines and has a padlock symbol (🔒) beside it. If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 Keepyour device virus-free. Make sure you have an updatedanti-virus software.

3 To secure your account, we strongly advise you to avoid downloading your banking documents using a public computer




For more information, please visit theSafe Surfing Guidelinespage or call our 24-hour Customer Support at (02)8418600.
1 Make sure that the website address appearing on your browser starts with https://ebanking.unionbankph.com and a padlock symbol (🔒) beside it.If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 Keepyour device virus-free. Make sure you have an updatedanti-virus software.

3 To secure your account, we strongly advise you to avoid downloading your banking documents using a public computer




For more information, please visit theSafe Surfing Guidelinespage or call our 24-hour Customer Support at (02)8418600.
1 Make sure that the website address appearing on your browser is Union Bank of the Philippines and has a padlock symbol (🔒) beside it. If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 Keepyour device virus-free. Make sure you have an updatedanti-virus software.

3 To secure your account, we strongly advise you to avoid downloading your banking documents using a public computer




For more information, please visit theSafe Surfing Guidelinespage or call our 24-hour Customer Support at (02)8418600.