UNION BANK of the Philippines, Inc. (UnionBank) targets to post a higher net income this year as it expects continued growth in its consumer lending business.
The Aboitiz-led bank is also looking to tap the bond market this year to refinance its maturing debt, depending on market conditions.
“The bank targets for net income in 2025 to be better than prior year. We are optimistic that the strong trend in our underlying drivers (e.g. new credit card acquisitions, customer growth, expansion of net interest margin and fee-based income) will continue,” UnionBank said in an e-mail last week.
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