UNION BANK of the Philippines, Inc. (UnionBank) booked a net income of P2.011 billion in the first quarter, with expenses related to its integration of Citigroup, Inc.’s local consumer business into its operations affecting its profit, it said on Monday.
The bank’s net income last quarter was down by 39.79% from the P3.34-billion attributable net profit that it booked in the comparable year-ago period, based on its unaudited financial report for the first quarter of 2023.
UnionBank’s latest financial statement was unavailable as of press time.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.