UnionBank Maintains Revenue Momentum, Lays Foundation For Future Expansion

UnionBank of the Philippines sustained its strong topline momentum in the first half of 2025, reporting P39.7 billion in total revenues — a 9.2% increase year-on-year. This growth was fueled by higher net interest income and an expanded fee-income base.

Net interest income rose significantly, supported by a 61-basis point increase in net interest margin to 6.4% in 1H 2025. This was driven by continued growth in the Bank’s high-yielding consumer portfolio — particularly in credit cards and personal loans — underpinned by continuous customer acquisition and cross-sell initiatives. Funding costs also improved amid a declining interest rate environment and an increase in the share of low-cost CASA deposits. The Bank’s CASA ratio improved to 65.2%, underscoring the strength of its transaction banking franchise.

UnionBank’s retail customer base reached 18 million as of 1H 2025, contributing to higher transaction volumes and a 17.1% year-on-year increase in fee income. The Bank’s fees-to-assets ratio stood at 1.3%, among the highest in the industry, reflecting its strong ability to generate fee-based revenues relative to its size.

The topline performance provided a cushion to the impact of credit costs as a natural result of the significant addition of new credit card customers to the Bank’s retail base and from its subsidiaries. This, together with one-time costs aimed at enhancing operational and financial resiliency, resulted in a net income of P3.3 billion for the first half of 2025.

“As we continue our efforts to grow our customer base, we are also ensuring we enhance operational resilience to be able to deliver our desired customer experience. These strategic moves come with upfront costs booked in 1H 2025. This positions us to better reflect the Bank’s true performance moving forward. Our topline has consistently shown an encouraging trend, and with lower costs ahead, we anticipate improved net income in the coming months. These efforts position the Bank for a more resilient, sustainable, and accelerated trajectory as we enter the next phase of our growth journey,” said Ana Aboitiz Delgado, President and Chief Executive Officer. 

Union Bank of the Philippines (UnionBank) has always been among the first to embrace technological innovations to empower its customers. Undoubtedly the Philippines' pioneer in digital banking, UnionBank is committed to be the region's digital trailblazer and aspires to be a Great Retail Bank to best serve the growing needs of Filipinos everywhere.   

It has consistently been recognized as of one of Asia’s leading companies, ranking among the country’s top universal banks in terms of profitability and efficiency.

Over the years, UnionBank has garnered a record-breaking number of awards and recognition including the most recent "Marketing Company of the Year" at the 42nd Agora Awards; "Asia Trailblazer Institution of the Year" from Retail Banker International; "Best Retail Bank in Southeast Asia 2023" from Capital Finance International; 6-Time "Digital Bank of the Year (2018-2023)" from The Asset Triple A; "Most Recommended Bank in the Philippines 2023" and 4-time "Best Retail Bank in the Philippines" from The Asian Banker; "40 Years of Excellence in Retail Banking Philippines 2023" from Global Banking and Finance; "Best Bank in the Philippines" from Euromoney Real Estate Awards 2023; "Best Private Bank, Philippines 2023" from The Digital Banker; "Best Digital Bank in Southeast Asia 2022" from Capital Finance International; back-to-back "Best Bank for Customer Experience in Southeast Asia" from Global Brands Magazine; "Best Bank Transformation in South East Asia 2021" from Global Banking and Finance; "Most Recommended Retail Bank in Asia Pacific 2021" from BankQuality.com; "Fastest Growing Fintech Company, South East Asia 2021" for UBX from Global Banking and Finance; "Best Bank for ESG 2022" from Asiamoney; back to-back "Best Bank for SMEs" (2020-2021) from Asiamoney; "SME Bank of the Year - Philippines 2021" from Asian Banking and Finance; back-to-back "#1 Best Service Domestic Bank in the Philippines 2020-2021" at the Asiamoney Cash Management Survey; “Asia’s Best Bank Transformation” from Euromoney; "Asia-Pacific Retail Bank of the Year" from Retail Banker International; "Top 2 Most Helpful Banks in Asia Pacific during COVID-19" from BankQuality.com; 3-time "Best Digital Bank Philippines" from Asiamoney and International Finance Magazine; and "Employer of the Year" awards from Stevie Awards for Great Employers, Asian Banking and Finance, and HR Asia.

​UnionBank is determined to be an enabler of the Philippines’ bid to be a G20 country by 2050. It stands firm in its promise to power the future of banking while co-creating innovations for a better world.