Union Bank of the Philippines (UBP)
Union Savings and Mortgage Bank was established in 1968. It changed into a commercial bank later in 1982. In terms of profitability and efficiency, Unionbank has consistently been ranked among the top universal banks among Asia's leading corporations.
Why buy stock in Union Bank? The bank that millennials prefer the most is UnionBank. It gained popularity for being one of the first to prioritize new financial technologies. UnionBank is now the top digital bank in the Philippines as a result of its digital transformation. UnionBank is the only "digital bank" licensed by the Bangko Sentral ng Philippines in 2021 among the top 8 banks in the nation.
One of the first financial institutions in the Philippines to use cryptocurrency is UnionBank. In 2019, it was the first local lender to launch PHX, a stablecoin that enables better access to remittances and payments for rural banks. The bank also introduced cryptocurrency ATMs in 2019, enabling account holders with cryptocurrency wallets to withdraw converted cryptocurrency as well as trade immediately.
Founded: August 16, 1968
Headquarters: UnionBank Plaza, Ortigas Center, Pasig, Philippines
Website: www.unionbankph.com
