Description
Union Bank of the Philippines, together with its subsidiaries, provides commercial banking products and services in the Philippines. It operates through Consumer Banking, Corporate and Commercial Banking, and Treasury segments. The company offers savings, currency, checking, and investment accounts; time deposits; corporate and commercial banking, auto, mortgage, and quick loans; debit, credit, and prepaid cards; trust and investment products; bancassurance products; remittance products and services; and mobile banking services. It also provides cash management services; SME banking solutions; fund management; treasury and capital market products. In addition, the company offers insurance products; and funds transfer facilities, as well as handles transactions in the financial markets covering foreign exchange and fixed income trading, and investments and derivatives products. Further, it provides securities and foreign currency brokerage services; data processing services; venture capital products; financial products marketing services; and estate planning solutions, as well as acts as a thrift banker and agent for insurance and financial products. The company serves retail, middle market, corporate, and institutional customers, as well as small and medium enterprises and government institutions. As of December 31, 2020, it had 388 branches, and 389 on-site and 96 off-site automated teller machines. The company was formerly known as Union Savings and Mortgage Bank and changed its name to Union Bank of the Philippines in January 1982. Union Bank of the Philippines was incorporated in 1968 and is headquartered in Pasig, the Philippines.