ABOITIZ-LED Union Bank of the Philippines (UnionBank) said Tuesday it was planning to infuse additional capital of up to P1.8 billion in its digital banking subsidiary, UnionDigital Bank Inc.
In a filing with the stock exchange, UnionBank said its board of directors, in a meeting last Friday, had greenlit the capital infusion to boost the subsidiary's "ongoing business operations and allow it to deliver sustainable growth."
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