# UnionBank nine-month net income rises 53% to P9.9 billion as revenues reach P65.5 billion

> UnionBank's nine-month net income rose 53% to P9.9 billion on wider lending margins and higher fees, as it plans to fold UnionDigital and UBX into the parent.

- Published: 2026-10-24T00:03:55+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-24/unionbank-profit-jumps-nine-months
- Source: [Inquirer](https://business.inquirer.net/617582/unionbank-profit-jumps-53-to-p9-9b-in-nine-months)

## Key takeaways

- UnionBank of the Philippines reported nine-month net income of P9.9 billion, up 53% year-over-year.
- Net revenues rose 8% to P65.5 billion, with net interest income up 9% to P51.9 billion.
- The bank plans to integrate UnionDigital Bank and UBX into the parent company, subject to regulatory approval.

Union Bank of the Philippines grew its nine-month net income by 53 percent to P9.9 billion, the Aboitiz-led bank said, as wider lending margins and higher fee earnings lifted revenues. The [Inquirer](https://business.inquirer.net/617582/unionbank-profit-jumps-53-to-p9-9b-in-nine-months) reported the results on October 24, 2026.

## UnionBank's Nine-Month Earnings and Integration Plan

Net revenues rose by 8 percent to P65.5 billion, supported by a retail customer base exceeding 19.5 million. Consumer loans accounted for 62 percent of the loan portfolio.

Net interest income increased by 9 percent to P51.9 billion. Net interest margin widened by 34 basis points to 6.9 percent, which the bank attributed largely to a 5-percent increase in current account and savings account deposits.

Non-interest income climbed by 5 percent to P13.6 billion, with fees and commissions growing at the same pace to P11.9 billion. Wealth and bancassurance income surged by 52 percent, contributing 18 percent of total fee income.

Operating expenses reached P37.4 billion, growing more slowly than revenues. Credit costs fell by P586 million, while gross and net nonperforming loan ratios declined to 6.56 percent and 2.90 percent, respectively. NPL coverage improved to 75.77 percent from 69.65 percent a year earlier.

The common equity Tier 1 ratio stood at 13.7 percent and the capital adequacy ratio at 14.6 percent, both above regulatory requirements.

"Our first-nine-month performance gives us momentum to deliver a better full-year result than last year, even under more difficult market conditions," chief financial officer Manuel R. Lozano said.

Lozano said the bank was building reserves amid increasing credit pressures while reviewing where its resources could generate better long-term returns. The board-approved integration of [UnionDigital Bank](https://akta.pro/company-profiles/0002rg7/uniondigital-bank) and [UBX](https://akta.pro/company-profiles/0006gts/ubx-philippines) forms part of that effort to focus on core businesses and improve efficiency.

UnionBank president and CEO Ana A. Delgado said combining the businesses would strengthen its digital services and expand customers' access to the parent bank's products. UnionDigital customers may continue using their accounts, deposits, loans, app, and other services during the transition, and customers of both subsidiaries will receive advance notice of future changes. Completion remains subject to approvals from the Bangko Sentral ng Pilipinas and other regulatory authorities.

## UnionBank's Scale and Funding Record

[UnionBank of the Philippines](https://akta.pro/company-profiles/0002wft/unionbank-of-the-philippines) is a publicly listed universal bank serving 13 million retail, MSME, corporate, and wealth customers through a cloud-native, AI-enabled digital banking platform with sub-brands including UnionDigital, UBX, UPay, and The Portal, according to akta.pro [company records](https://akta.pro/company-data). The same records show total funding of $1 billion, with the last round on June 27, 2025, and a revenue estimate of $5 billion+.

## UnionBank's Earlier 2026 Results and Funding

UnionBank reported a 113-percent surge in net income to P6.9 billion in the first half of 2026, up from P3.3 billion a year earlier, Manila Bulletin reported in July 2026. In July 2026, the bank secured a $100-million investment from the International Finance Corporation for its first sustainability bond, the Inquirer reported, with proceeds earmarked to expand lending to micro, small, and medium-sized enterprises and finance sustainable projects including renewable energy, energy efficiency, and green buildings.

## What Comes Next for UnionBank

The integration of UnionDigital Bank and UBX into the parent company remains subject to approvals from the Bangko Sentral ng Pilipinas and other regulatory authorities.

## Companies in this story

- [UnionBank of the Philippines company profile](https://akta.pro/company-profiles/0002wft/unionbank-of-the-philippines) · website: https://www.unionbankph.com
- [UBX Philippines company profile](https://akta.pro/company-profiles/0006gts/ubx-philippines) · website: https://www.ubx.ph
- [UnionDigital Bank company profile](https://akta.pro/company-profiles/0002rg7/uniondigital-bank) · website: https://uniondigitalbank.io

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