lodigame casino

POSITION:lodigame-lodigame casino-lodigame Official Website > lodigame casino >

slot8 UnionBank income surges to P12B

Updated:2025-02-04 04:15Views:90
new casino no deposit bonus 2022

MANILAslot8, Philippines — Strength in its consumer business caused a 31-percent surge in the 2024 earnings of Union Bank of the Philippines (Unionbank) to P12 billion.

In a disclosure to the stock exchange on Monday, the Aboitiz-led bank said margin expansion and higher fee-based revenues likewise supported profit growth.

Unionbank’s topline jumped by 12.4 percent to a record P79.5 billion.

Article continues after this advertisement

READ: UnionBank pumps P1.6 billion more into digital

FEATURED STORIES BUSINESS BIZ BUZZ: Age just a number at KFC BUSINESS US tariffs: A blow to the world economy BUSINESS Mixed fuel price adjustments set on Tuesday, February 4

Following its acquisition of Citi’s consumer business, Unionbank’s consumer loans now account for 61 percent of its loan portfolio, or nearly thrice the industry average, it said.

Net interest income expanded by 11.6 percent to P58 billion.

Article continues after this advertisement

“Our retail-focused strategy allowed us to book record-high top line revenues. We should see the continued improvements in our net income moving forward, as we realize the synergies brought about by our integrated consumer operations,” Unionbank chief financial officer Manuel Lozano said in a statement.

Expenses eased by 1.4 percent to P44.3 billion.

Your subscription could not be saved. Please try again. Your subscription has been successful.

Subscribe to our daily newsletter

SIGN ME UP

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

READ NEXT Wellness on the frontlines: Why employee well-being matters in... Trump says tariff ‘pain’ will be ‘worth the ... EDITORS' PICK Secret Ingredient: Innovative funding for Pinay-led drama awes Cannes BI claims ‘spies’ were PH residents for decades NBA: Mavericks boss defends Luka Doncic-Anthony Davis trade ‘Dog Man’ has big bite at box office with $36 million opening Grammys 2025: Beyoncé finally wins Album of the Year with ‘Cowboy Carter’ Olivia Rodrigo performs at FireAid concert for LA wildfire relief MOST READ Dela Rosa last passenger to board chopper which crashed in Nueva Ecija Barbie Hsu, Taiwanese actress and ‘Meteor Garden’ lead star, dies at 48 Judge in De Lima case found guilty of neglect of duty Sen. Marcos grills gov't execs on absence of AKAP list of beneficiaries Follow @FMangosingINQ on Twitter --> View comments

“Reaching 4,000 stores is an incredible milestone that reflects the trust and loyalty we’ve earned from our customers over the years. It’s also a tribute to the hard work and dedication of our team” Philippine Seven Corp. (PSC) co-founder and chairman of the board Jose Pardo said in a statement Tuesday.

“Nearly 3 billion people and more than half of the world’s food production are now in areas where total water storage is projected to declineslot8,” said the report by the Global Commission on the Economics of Water (GCEW).

Powered by lodigame-lodigame casino-lodigame Official Website RSS Map HTML Map