UnionBank profit up 9% to P12.6 billion in 2021

Published on: Thursday 03 February 2022

MANILA, Philippines — Earnings of Union Bank of the Philippines went up by nine percent to P12.6 billion in 2021, from P11.6 billion in 2020, on the back of the sharp drop in provisioning for soured loans. Jose Emmanuel Hilado, chief financial officer and treasurer at UnionBank, said last year’s performance gives the bank a good foundation for further growth this year. “We expect a healthy expansion in our loan portfolio, steady margins from...

News source: https://www.msn.com/en-ph/news/national/unionbank-profit-up-9-25-to-p126-billion-in-2021/ar-AATkCw9

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My Financial News from Bicol Region, Philippines

UnionBank profit up 9% to P12.6 billion in 2021