Union Bank Company Profile: Brief History

UNION BANK COMPANY PROFILE
Brief History
UnionBank is a partnership among the Aboitiz Group, Insular Life and Social Security System. It
started operations in 1981 and became a commercial bank by January 19, 1982. In July 1992, UnionBank
was granted the license to operate as a universal bank. The bank acquired the International Corporate
Bank (Interbank) in 1994.
Head office: Meralco Avenue cor. Onyx & Sapphire Sts. Ortigas Center, Pasig City 1605 Philippines
Branches: 186 branches and 217 automated teller machines
Industry: Banking
Number of Employees: 2,859 (as of March 31, 2007)
Type: Universal Bank
Financial Facts
Revenues:
2008 $8.9B
2009 $12.3B
2010 $11.3B
2011 $12.3B
*http://investing.businessweek.com/research/stocks/earnings/earnings.asp?ticker=UBP:PM
Services Offered
UnionBank of the Philippines offers commercial, retail, and corporate banking products and
services in Philippines. Its primarily engages in corporate cash management, payment services, foreign
exchange, capital markets, corporate finance, and consumer finance. The company is also involved in
investment management, trust banking, insurance brokerage, currency brokerage, private banking, pre-
need products marketing, investment banking and financial advisory, and real property development
and marketing. It offers deposit products, including savings accounts, checking accounts, time deposits,
and demand deposits; loan products, such as auto, housing, and personal loans to its retail customers;
and private banking services, including fixed income instruments, bonds, currencies, and retirement and
long term funds. The company also manages investment products for its retail customers. In addition, it
offers Internet banking, mobile phone banking services, electronic banking solutions, as well as treasury
and credit card services.
Ownership Structure
Aboitiz Equity Ventures, Inc. ("AEV") is UnionBank's largest stakeholder which held 36.2% ownership as
of December 31, 2007. AEV, a member of Aboitiz Group of Companies, is an industrial and commercial
conglomerate based in Southern Philippines that is engaged in power generation, logistics, consumer,
real estate and financial services.
Social Security System, the country's provider of social security to workers in the private sector,
held 23.1% stake in UnionBank as of December 31, 2007. The SSS aims to develop and promote a viable,
universal and equitable social protection scheme through world-class services. As of June 2007, SSS had
P219.1 Billion in investments.
Insular Life Assurance Co. Ltd., as of December 31, 2007 Insular Life owned 16.1% ownership in
UnionBank. It has the distinction of being the first Filipino life insurance and the only Filipino mutual life
insurance company. Insular Life, through its subsidiaries, offers allied financial services such as general
insurance, banking, health care insurance, trust and investment services. Insular Life is among the
country's top 100 corporations.
Memberships
 Foreign Exchange Association of the  Investment House Association of the

Philippines Philippines
 Philippine Deposit Insurance  Megalink
Corporation (PDIC)  Financial Executives Institute of the
 Bankers Association of the Philippines Philippines
 Bank Administration Institute of the
Philippines
Principal Correspondents
 ABN-Amro Bank  Citibank, NA

 American Express Bank  JP Morgan Chase NA
 Australia & New Zealand Banking Group  Standard Chartered Bank of Australia,
 Bank of America, NT & SA Ltd.
 Bank of New York  United Overseas Bank – Singapore
 Bank of Tokyo Mitsubishi-Tokyo
 Canadian Imperial Bank of Commerce
UnionBank Subsidiaries
 UBP Capital Corporation
 First Union Direct
 First Union Plans
Management
Justo A. Ortiz
Chairman &
Chief Executive Officer
Victor B. Valdepeñas
President &
Chief Operating Officer
Edwin R. Bautista
Executive Vice President
Retail Banking
Genaro V. Lapez
Consumer Finance
Guia C. Lim
Corporate Banking
Teodoro M. Panganiban
Channel Management
Process & Quality Management
Herminio M. Pugeda
Corporate Product Banking
Beatriz B. Romulo
Commercial Banking
Norberto Belen
Human Resources
Atty Cesar Ilagan

Financial Controller
Atty Fe B. Macalino
Corporate Secretary
Ceferino P. Tolentino
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UNION BANK COMPANY PROFILE

Branches: 186 branches and 217 automated teller machines

Number of Employees: 2,859 (as of March 31, 2007)

Type: Universal Bank

 Foreign Exchange Association of the  Investment House Association of the

 ABN-Amro Bank  Citibank, NA

Atty Cesar Ilagan

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