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November 28, 2023

UnionBank’s earnings plunge 45% to P2.6-B in Q1

Union Bank of the Philippines led by banker Edwin Bautista booked at 45 percent drop in earnings to P2.6 billion in the first quarter of the year from P4.7 billion in the same period last year despite the 40 percent decline in provision for potential loan losses from the fourth quarter of last year.