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Union bank of the philippines head office

union bank of the philippines head office

Aboitiz-led Union Bank of the Philippines has acquired the consumer and retail banking assets of global banking giant Citigroup in the. UNION BANK OF THE PHILIPPINES - HEAD OFFICE is a Bank (main Office) located at UNIONBANK PLAZA MERALCO AVE., ORTIGAS CTR., SAN ANTONIO Pasig Metro Manila. We are Nigeria's most reliable and trusted banking partner. We make lives better by delivering the simplest, smartest solutions and guaranteeing the best.

Union bank of the philippines head office -

UnionBank Plaza

Over 300 m
250–299 m
200–249 m
  • Grand Riviera Suites(230 m, 2014)
  • Shangri-La at the Fort, Manila(229 m, 2016)
  • One Shangri-La Place Towers(227 m, 2014)
  • BSA Twin Towers(221 m, 2000)
  • G.T. International Tower(217 m, 2001)
  • Alphaland Makati Place(215 m, 2016)
  • The St. Francis Shangri-La Place Towers(213 m, 2009)
  • BDO Corporate Center(210 m, 2015)
  • One Rockwell West Tower(210 m, 2010)
  • Petron Megaplaza(210 m, 1998)
  • The Knightsbridge Residences(210 m, 2013)
  • UnionBank Plaza(206 m, 2004)
  • Greenbelt San Lorenzo Tower(205 m, 2009)
  • Edades Tower(205 m, 2014)
  • Net Park(205 m, 2015)
  • Golden Empire Tower(203 m, 2002)
  • One Corporate Centre(202 m, 2009)
  • Milano Residences(200 m, 2016)
  • Philamlife Tower(200 m, 2000)
  • Summit One Tower(200 m, 1998)
150–199 m
  • One Central Makati(195 m, 2013)
  • 8 Forbestown Road(194 m, 2013)
  • Anchor Skysuites(193 m, 2013)
  • RCBC Plaza Towers(192 m, 2001)
  • The Infinity Fort Bonifacio(190 m, 2011)
  • Tower 6789(185 m, 2013)
  • One San Miguel Avenue(183 m, 2001)
  • LKG Tower(180 m, 2000)
  • Marco Polo Ortigas Manila(180 m, 2014)
  • The Shang Grand Tower(180 m, 2005)
  • Pacific Plaza Towers(179 m, 2001)
  • Atlanta Centre(179 m, 1998)
  • Birch Tower(178 m, 2012)
  • Aspire Tower(175 m, 2012)
  • Robinsons Equitable Tower(175 m, 1997)
  • One Roxas Triangle(174 m, 2000)
  • Robinsons Summit Center(174 m, 2001)
  • Paragon Plaza (174 m, 1998)
  • The Enterprise Center Tower 1(172 m, 1999)
  • Greenbelt Laguna Tower(171 m, 2008)
  • Greenbelt Manila Tower(171 m, 2010)
  • The Beaufort(170 m, 2013)
  • The Beacon Arnaiz Tower(170 m, 2012)
  • Pearl of the Orient Tower(168 m, 2004)
  • Discovery Suites(167 m, 1999)
  • GA Towers(165 m, 2005)
  • One Rockwell East Tower(165 m, 2011)
  • Rufino Pacific Tower(161 m, 1994)
  • Ayala Tower One(160 m, 1996)
  • The Orient Square(160 m, 1999)
  • Zuellig Building(160 m, 2012)
  • Lancaster Suites One(158 m, 2007)
  • Bellagio Golfview(156 m, 2010)
  • Exportbank Plaza(155 m, 1998)
  • Rizal Tower(155 m, 2000)
  • Wharton Parksuites(154 m, 2012)
  • BSA Grand Tower(154 m, 1998)
  • Belton Place(153 m, 2012)
  • The World Centre(152 m, 1996)
  • Salcedo Park Twin Towers(151 m, 1996)
  • Pacific Plaza Condominium(150 m, 1992)
  • One Legazpi Park(150 m, 2006)
  • Joy-Nostalg Center(150 m, 2009)
  • Forbes Tower West(150 m, 2011)
  • One McKinley Place(150 m, 2004)
  • The Columns(150 m, 2009)

The Union Bank of the Philippines plans to apply for a digital bank license this year as it seeks to grow its business and compete with new rivals that operate only online, a senior company executive said.

The Philippines currently has two internet-only banks: Malaysia's CIMB Group Holdings Bhd. and Dutch lender ING Groep NV, both of which launched their digital operations in 2019. The Bangko Sentral ng Pilipinas, the central bank, gave a new banking license to Singapore's digital bank TONIK Financial Pte. Ltd. in January. The banking license will allow TONIK to provide retail banking services in the Philippines.

"We need to compete with different competitors, it's not just bank-to-bank anymore. It's also nonbanks that are offering financial services," Ron Batisan, assistant vice president and customer experience designer at UnionBank, told S&P Global Market Intelligence on the sidelines of the Retail Banking Innovations Philippines Summit on Feb. 27.

Traditional banks are investing in technology as they prepare for competition from nonfinancial technology firms that are also getting into financial services to serve tech-savvy customers. For example, ride-hailing company Grab Holdings Inc. not only offers transport and food delivery but has plans to rapidly grow its financial services business. Grab this week announced a US$856 million investment from Japanese investors, including Mitsubishi UFJ Financial Group Inc. and TIS Inc., to grow its financial services business.

UnionBank had embarked on its digital transformation strategy around 2016. "The vision for Union Bank online is to become a superapp. We can't do other services yet. But we want our UnionBank online app to be a one-stop shop for your financial needs," Batisan said. The bank is partnering with Insular Life Assurance Co. Ltd. to offer insurance on the bank's app.

It launched its first fully digital bank branch, the ARK, in 2017. The digital branch has been able to open accounts six times faster than traditional branches and handle deposits 4.3 times higher than traditional branches, Batisan said during his presentation at the conference.

UnionBank is now working to scale the ARK experience by replicating the concept in other branches. It has transformed 47 branches into fully digital branches since the concept launched in 2017 and plans to convert 25 more branches in 2020.

The bank is not closing any of its traditional branches yet, though it is "assessing" if it still needs to maintain them as they are costly to operate, Batisan said. But he said that its branches give the bank a distinct advantage over purely digital players. "Based on our research, Filipinos still want face-to-face interactions. In our branches we balance that. We rebuilt or renovated our branches for digital conversion. I think our advantage is our branches," said Batisan.


Union Bank of the Philippines Inc

About Union Bank of the Philippines Inc

Union Bank of the Philippines (the Bank) offers a range of products and services, such as deposit and related services; corporate and middle market lending, and consumer finance loans, such as mortgage, auto loans and credit card; investment, treasury and capital market; trust and fund management; remittance, cash management and electronic banking, and preneed insurance. The Bank's segments include Consumer Banking, which handles individual customers' deposits and provides consumer type loans, such as automobiles and mortgage financing, credit card facilities and funds transfer facilities; Corporate and Commercial Banking, which handles loans and other credit facilities, and deposit and current accounts for corporate, institutional, small and medium enterprises, and middle market customers; Treasury, which manages the Bank's liquidity and funding requirements, and handling transactions, and Headquarter, which includes corporate management, support and administrative units.

Executive Leadership

Justo A. Ortiz

Chairman of the Board

Edwin Riego Bautista

President, Chief Executive Officer, Director

Jose Emmanuel U. Hilado

Chief Financial Officer, Senior Executive Vice President, Treasurer

Henry Rhoel R. Aguda

Senior Executive Vice President, Chief Technology and Operations Officer, Chief Transformation Officer

Dennis D. Omila

Executive Vice President, Chief Information Officer

Key Stats

2.25 mean rating - 4 analysts

Revenue (MM, PHP)

Price To Earnings (TTM)


Price To Sales (TTM)


Price To Book (MRQ)


Price To Cash Flow (TTM)


Total Debt To Equity (MRQ)


LT Debt To Equity (MRQ)


Return on Investment (TTM)


Return on Equity (TTM)


Send Money to a Bank Account in Pakistan

What's the advantage?

Safety — the receiver does not have to carry large amounts of cash.

Convenience — the receiver does not have to visit an agent location to receive money.

Speed — the money is generally deposited within 24 hours.

What's needed?

Receiver's name as per account title

Receiver's bank name

Receiver's bank account number

For details please see below:

Name of BankAccount Length
AL Baraka Islamic Bank LimitedShould be 13 digits
Allied Bank LimitedShould be 14 or 20 digits
Apna Micro Finance BankShould be 16 digits
Askari Bank LimitedShould be 14 or 13 digits
Bank Alfalah Limited (Conventional Banking)Should be 12 or 14 digits
Bank Alfalah Limited (Islamic Banking)Should be 18 digits
Bank Al Habib LimitedShould be 17 digits
Bank Islami Pakistan LimitedShould be 15 digits
Bank of PunjabShould be 17 digits
Burj Bank LimitedShould be 16 digits
Dubai islamic BankShould be 13 or 10 digits
Faysal Bank LimitedShould be 12 or 14 digits
Habib Bank LimitedShould be 14 digits
Habib Metro BankShould be 19 digits
JS Bank LimitedShould be 06 digits
KASB Bank LimitedShould be 13 digits
Meezan Bank LimitedShould be 14 digits
NIB BankShould be 15 digits
Samba Bank LimitedShould be 10 digits
Silk Bank LimitedShould be 14 digits
Sindh Bank LimitedShould be 14 digits
Soneri BankShould be 15 digits
Standard Chartered Bank LtdShould be 11 digits
Summit Bank LimitedShould be 20 digits
Tameer Microfinance Bank Ltd.Should be 15 digits
United Bank LimitedShould be 16 or 12 digits

First 4 digits need to be repeated before complete account number e.g.:

Account number provided by customer: AAAABBBBCCCCDDDD







Companies, industries, and institutions in the Philippines are actively investing to digitally transform IT systems and infrastructure to modernize business practices and serve the needs of an increasingly interconnected and tech-savvy population. In urban areas such as Manila and through institutions such as the Bangko Sentral ng Pilipinas (BSP, or Philippine Central Bank) and the Philippines’ Securities and Exchange Commission (SEC), the banking industry has been receptive to and proactive in its use of new technologies to meet the changing needs of its clientele and make a difference in the lives of customers throughsmarter banking.

But for rural banks—a key Philippines banking segment—a lack of resources and inclusion with larger banking institutions have made it nearly impossible to thrive or even survive. The challenges rural banks face leaves a large majority of rural-based Filipinoswith little or no banking access to conduct transactions, which include receipt of the remittance paymentsthat account for up to 10 percent of the Philippines’ GDP.

UnionBank is a pioneer in its use of blockchain technology and,along with the BSP, it looks to use emerging technology to drive future banking practices and inclusivity in the Philippines.

“We saw the context of the rural bank platform as a compelling use case for blockchain technology,” says Ramon Vicente V. de Vera, head of the FinTech Business Group at UnionBank. “There are about 500 rural banks in the Philippines with a total of 2,600 branches, and they’re not connected to each other or a banking payment system. Given their size and resources, they’re often considered second or third tier and are excluded financially. We felt the social impact we could have by building a blockchain platform to connect rural banks to each other and to individuals would be profound for the Filipino population and banking industry.”

UnionBank turned to ConsenSys, an AWS Partner Network (APN) Advanced Technology Partner, to build a blockchain solution that offers rural banks a new way of doing business to drive growth, sustainability, and increase banking access for its citizens.

ConsenSys’s mission is to make blockchain technology accessible to companies and individuals around the globe and drive social change and inclusion using Ethereum, an open-source blockchain-based protocol.

“We engaged with UnionBank for many months to identify potential solutions to the financial inclusivity pain points they sought to address using blockchain technology,” says Aiai Garcia, solutions leadfor Asia and the Pacific at ConsenSys. “Through our blockchain expertise, consulting services, and the use of Kaleido, ConsenSys’s new all-in-one blockchain platform running on AWS, we want to help UnionBank bring the unbanked to the global marketplace and bring rural banks and their clients more financial services options.”

In January 2018, a team of UnionBank and ConsenSys employees flew to the municipality of Cantilan, in the province of Surigao del Sur in the Philippines. There they got a first-hand look at the challenges faced by a rural bank seeking to serve a population in which up to 70 million individuals who have no bank accounts or easy access to banking.

“The Cantilan bank experience was eye-opening for both of our teams,” says de Vera. “The Cantilan bank quickly came on board as one of five initial rural bank participants in a pilot to test the use of a remittances platform built using Kaleido on AWS.” ConsenSys and UnionBank kicked off the aptly-named Project i2i to drive institution-to-institution, individual-to-individual, and island-to-island financial connectivity and domestic remittances, Project i2i introduces a domestic remittance network using tokens on a private blockchain platform.

Until today, rural banks have shouldered the burden of manually processing tasks for domestic remittances and BSP compliance. Rural banks must perform the same compliance tasks as commercial banks, even with fewer personnel and information-gathering resources. According to the BSP, about 80 percent of all rural bankshave little or no integrated computerized systems for their core banking processes, while some have no systems at all. Project i2i’s blockchain-based processes will free up rural bank employees to serve more customers, rather thanhaving to process back-office transactions and administrative tasks.

“We are leveraging blockchain to create this decentralized, cost-efficient, and near real-time network allowing for the execution of domestic payments that don’t rely on existing infrastructure and intermediaries,” says de Vera. “This will improve our clients’ experience and boost our local economy because they can now use trusted community banks to execute remittances faster and cheaper, instead of using pawn shops and other non-banks and paying unnecessary fees. And as an example, we can now move from more than 20 steps to execute a domestic remittance to than fiveor less.

“This result supports UnionBank’s goal of helping the rural institutions drive operational efficiencies and save costs in accepting and processing domestic remittances, with UnionBank initially facilitating the final settlement of remittances. As part of the project launch, ConsenSys and UnionBank began training rural banks on the technology and then onboarding participating banks for its pilot. The pilot launched with five rural bank participants in early June 2018.

“We are planning to onboard many more rural banks throughout the end of the year and ultimately see this project as a stepping stone for the introduction ofmore sophisticated financial services across the Philippines in the future,” says de Vera.

Kaleido’s all-in-one blockchain platform helps accelerate and simplify the use of blockchain technology for security-conscious companies. Instead of spending millions of dollars building a blockchain solution from scratch, UnionBank used Kaleido to address the challenges of building a multi-organization blockchain network and quickly moved from concept to execution.

De Vera says the UnionBank team is just beginning to understand how to leverage blockchain technology and the cloud to better serve customers and support a mission of financial inclusion. “I believe we’re going to see a complete paradigm shift in the way institutions such as ours function day-to-day using technologies such as blockchain to drive efficiencies and inclusivity,” says de Vera.

In addition to better connecting rural banks, de Vera says Project i2i has the potential to help the financial industry in the Philippines address the following use cases:

  • Crypto-currency exchange/trading venue;
  • Domestic remittances for rural banks;
  • Foreign remittances and cross-border payments;
  • Token launches;
  • Inter-bank payments and settlement, and 
  • Know your customer (KYC) processes. 

For rural banks, participation in Project i2i provides many benefits, including:

  • Back office accounting simplification, which is a critical factor to encourage the growth of rural bank operations (and, consequently, financial inclusion);
  • Improved customer service, without disrupting the high-touch relationship maintained with the clients;
  • Cost reductions;
  • Cost avoidances; 
  • Regulatory transparency and credibility;
  • Responsible and compliant corporate governance;
  • Easy operability with limited integration, even in low-tech settings;
  • Lower transaction times, and 
  • Reconciliation reduction.

“We feel that using Kaleido on AWS will allow for so much possibility and interconnectivity for rural banks and the Philippines banking industry,” says de Vera. “If we enable the rural banks, who are the first mile for banking in rural areas, then we can supportcustomers and drive new opportunities for growth across the industry. That’s very exciting.”

Watch this video about the Project i2i blockchain venture between UnionBank, Kaleido, and ConsenSys, and how it's making an impact by bringing financial inclusion to the millions that are unbanked in the Philippines.

Consensys, an AWS Partner Network Advanced Technology Partner, is a blockchain software technology company based in New York City. For more information about Union Bank’s work with ConsenSys and Project i2i, click here. To learn more about Kaleido on AWS, visit Kaleido’s AWS Marketplace listing or click here. You can contact ConsenSys directly by clicking here.




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