UnionBank unit starts operation as digital bank

By Mayvelin U. Caraballo

Jul 20, 2022 12:24 am

UNION Bank of the Philippines announced on Tuesday its subsidiary has begun operating as a digital bank.

'Pursuant to the authority to operate a digital bank granted in its favor by the Bangko Sentral ng Pilipinas (BSP) last July 12, 2022, UnionDigital Bank Inc., UnionBank's wholly-owned subsidiary, commenced operations today, July 18, 2022,' in a disclosure posted on the Philippine Stock Exchange website.

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