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June 19, 2024

UnionBank launches innovative wealth programs amid market challenges

Union Bank of the Philippines, Inc. (UnionBank) has unveiled two new wealth management programs, UnionBank Elite and UnionBank Access, capitalizing on the strengths acquired from Citigroup, Inc.’s consumer business.

UnionBank Elite, a premier segment, offers expert advice, exclusive access to diverse local and foreign investments, and curated experiences with benefits, including cash credits up to P1 million for new Elite customers opening accounts by Dec. 31, 2023.

Meanwhile, UnionBank Access targets the next-generation affluent, recognizing the evolving needs of clients’ children in wealth creation.

UnionBank will also continue serving the ultra-wealthy through UnionBank Private Banking, focusing on discretionary wealth management and succession planning.

Despite a 58.99% year-on-year net income drop to P1.65 billion in the third quarter, UnionBank remains committed to strategic wealth offerings. The bank’s shares closed at P58.79, down 0.51%, on Thursday.