union bank of the philippines type public pse ubp industry finance and insurance founded manila philippines 1982 headquarters pasig city philippines key people justo a. ortiz chairman and ceo edwin bautista president and coo products financial services revenue p20 .4 billion php 5.1 % 2014 net income p8 .4 billion php 6.67 % 2014 1 number of employees unknown website www.unionbankph.com union bank of the philippines more commonly known as unionbank is one of the largest banks in the philippines ranking seventh in terms of assets after its successful merger with smaller competitor international exchange bank . it is one of the most stable philippine banks and is the host bank of the e card accounts of the members of the government service insurance system . unionbank is a philippine universal bank . today multiple channels are available for transaction and information access nationwide branch network on site and off site automated teller machines a call center and internet bank . in strategic business the bank is a provider of corporate cash management & b2b solutions to leading local and multinational companies operating in the country . its other lines of business are in treasury services & capital markets internet banking consumer finance and distribution network . unionbank is a partnership among the aboitiz group insular life and social security system . it started operations in 1981 and became a commercial bank on january 19 1982 . in july 1992 unionbank was granted the license to operate as a universal bank . contents 1 history 2 subsidiaries and affiliates 3 ownership 4 firsts 5 see also 6 references 7 external links history edit the bank was originally incorporated as union savings and mortgage bank on august 16 1968 . after the initial public offering unionbank s shares were listed at the philippine stock exchange pse on june 29 1992 . on july 15 1992 the bank was granted the license to operate as a universal bank in the philippines . in 1993 unionbank merged with international corporate bank interbank and in 2006 another merger with international exchange bank ibank followed after first being denied by ibank . 1 2 subsidiaries and affiliates edit unionbank is divided into the following subsidiaries and affiliates citysavings bank first union direct first union plans ubp capital corporation union properties ownership edit aboitiz group of companies 49.629 % social security system 26.87 % insular life 18.75 % public stock 4.751 % firsts edit unionbank is known for some notable firsts in the philippine banking industry which are listed below citation needed unionbank started the philippines s first bank website unionbank pioneered online banking in the philippines unionbank also started the philippines s first electronic savings account the eon cyber account . the eon program also brought the advent of electronic checking in the philippines . it currently carries the first atm card brand eon in the country that is recognized and usable by paypal . it also has minimal maintenance requirements . see also edit international exchange bank land bank of the philippines list of philippine companies megalink bancnet the unionbank atm network references edit maricel e burgonio unionbank eyes bank acquisitions ; ibank denies any offer manila times may 4 2006 via highbeam research subscription required . unionbank to sign ibank acquisition deal monday manila bulletin june 2 2006 via highbeam research subscription required . external links edit unionbank website unionbank google map v t e banks in the philippines bangko sentral ng pilipinas universal banks asia united bank bdo bpi chinabank eastwest bank metrobank pnb philtrust psbank rcbc security bank unionbank ucpb government banks al amanah islamic investment bank of the philippines dbp landbank postalbank commercial banks bank of commerce chinatrust citibank hsbc maybank pbcom robinsons bank standard chartered bank veterans bank thrift banks bpi direct savings bank china bank savings citystate equicom philippine business bank plantersbank security bank savings other banks cooperative banks rural banks defunct allied bank merged with pnb banco filipino equitable pci bank merged with bdo v t e pse composite index companies of the philippines ayala aboitiz equity ventures alliance global ayala land aboitiz power bdo bloomberry resorts bpi dmci edc emperador first gen globe gt capital ictsi jollibee jg summit lt group metrobank megaworld meralco metro pacific petron pldt robinsons land semirara mining sm investments san miguel sm prime universal robina retrieved from https en.wikipedia.org w index.php title union bank of the philippines & oldid 739022840 categories banks of the philippinescompanies listed on the philippine stock exchangecompanies based in pasighidden categories subscription required using viapages containing links to subscription only contentpages using infobox company with unsupported parametersall articles with unsourced statementsarticles with unsourced statements from january 2010 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 12 september 2016 at 10 04 . text is available under the creative commons attribution sharealike license ; 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