Union Bank of the Philippines (UnionBank) announced a net income of P6.5 billion in the first nine months of 2025, led by sustained growth and better asset quality.
The total includes the bank’s P3.2-billion income in the third quarter, marking a 77-percent jump on a quarterly basis.
Net revenues in the nine-month period rose 7.2 percent year-on-year to P60.5 billion. The bank saw its unsecured consumer loans climb 16 percent to P138.5 billion.
Consumer loans now comprise the majority of UnionBank’s loan book, accounting for 60 percent of its total loans.
Net interest income increased to P47.5 billion, which the bank attributed to a 51-basis-point improvement in net interest margin to 6.4 percent.
The growth was also bolstered by a nine percent year-on-year increase in low-cost Current Account Savings Account (CASA) deposits, which helped reduce funding costs.
Operating expenses reached P35.5 billion, while credit costs dropped to P4.0 billion in the third quarter. The bank’s fee income-to-assets ratio stood at 1.3 percent.
UnionBank chief financial officer Manuel Lozano said the third-quarter results confirm the bank is on track with its growth outlook and will continue to build on progress in strengthening operational resiliency and overall financial health.
“Credit costs have stabilized while portfolio quality continues to improve. Combined with strong topline momentum, these developments position UnionBank for a positive growth trajectory in the future,” Lozano said.
