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September 24, 2023

UnionBank director Sabin Aboitiz, EVP Antonino Fajardo beef up shareholdings

A director of Union Bank of the Philippines headed by bankero Edwin Bautista is beefing up his shareholdings in the Aboitiz-led bank.

UnionBank director Sabin Aboitiz shelled out P284,733.35 to acquire 3,393 shares last June 3.

The shares were acquired from a price range of P83.70 to P84.95 per share.

Likewise, UnionBank executive vice president Antonino Augusto Fajardo also spent P619,036 for the acquisition of 7,500 share between June 6 and 8 at a price range of P82.45 to P82.70 per share.


Three rural banks merge to enhance financial stability

Three rural banks have successfully merged in a move aimed at bolstering their financial stability, as confirmed by the Bangko Sentral ng Pilipinas (BSP). The merger officially took effect on July 13, following the necessary regulatory approvals, as detailed in a circular letter signed by Bankero and BSP Deputy Governor Chuchi G. Fonacier on September 15.

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