WebClick Tracer

November 28, 2023

UnionBank injects additional PHP 300 Million to fuel UnionDigital’s growth

Union Bank of the Philippines (UnionBank) has invested an additional PHP 300 million in its digital bank, UnionDigital Bank.

The bank is redirecting funds from a stock rights offering (SRO) to support the digital bank’s expansion.

UnionDigital has acquired 1.73 million customers within its first four months of operation and reported net profits in the first quarter of 2023.