UNION BANK. A UnionBank Plaza Meralco avenue, Ortigas Center Pasig City, Philippines web: www.unionbankph.com

UnionBank of the Philippines (UnionBank) is a universal bank in the Philippines whose principal business activities comprise corporate banking services, middles-market banking services, retail banking services, consumer finance and capital markets trading. In 2006, UnionBank was ranked 7th largest private domestic commercial bank in terms of assets. From 1997 to 2005, UnionBank was consistently ranked top 5 in absolute profits, number 1 in return on assets, number 1 or 2 in return on equity and number 1 o 2 in cost-to-income ration.

UnionBank distinguishes itself from competition through, among other things, its clear leadership in technology-based banking, consistent opportunistic returns from treasury operations and disciplined asset allocation. The Bank is a recognized leader and premier provider of corporate cash management and electronic solutions to leading local and multinational companies.

The citations given by both international and local markets reflect UnionBank’s core strengths. The Bank was named by Philippine Web Awards as People’s Choice for Banking and Finance in 2005; by AsiaMoney as One of the Most Innovative Banks in Cash Management Solutions and #2 Best Local bank in Foreign Exchange Services in 2005; by Finance Asia as among the Top 10 companies with Best Financial Management in the Philippines in 2002; by EuroMoney as #7 Best Bank in Asia and #3 Best Management Company in the Philippines in 2002; by the banker as Among Asia’s 25 Soundest Banks from 1998 to 2001; by Asian Banker as the Best Retail Bank in the Philippines in 2001.

FOCUS 2010 is UnionBank’s continuing goal of creating superior Financial Value, Operational Excellence, Customer Franchise, UnionBank Brand / Experience, and Superior Innovation. With these strategic imperatives clearly in focus, UnionBank targets year 2010 as the end-ate to realise its vision to be a top 3universal bank in the Philippines with 1.5 million retail customers and 3,000 corporate customers.

UnionBank is a partnership among the Aboitiz Group ( a listed conglomerate with power banking, food and transport businesses), Social Security System (national pension plan for privately employed individuals) and Insular Life (largest Filipino insurance company). The Bank started operations in 1981 and became a commercial bank on January 19, 1982. In July 1992 UnionBank was granted the licence to operate as a universal bank. UnionBank acquired the International Corporate Bank (Interbank) in 1994. In June 2006, the Bank acquired International Exchange Bank, a medium size commercial bank.

UnionBank has a network of 191 branches and 217 ATMs strategically located in major cities in the Philippines.