Nowadays if you will be searching for the list of leading banks on the Philippine Islands, you will definitely find Union Bank there. According to official sources, today this bank occupies one of the leading positions and has a title of one of the most stable banks in Philippines (such title was also given to Security Bank). In this article we will consider main moments of the union bank history, its branches and ATMs, ownership and other important information which is can help not only Bank’s clients, but also people who are still searching for the top bank in Philippines. We will start our article from the very beginning and consider main stages of the bank’s history.
Main moments of the Union Bank history
Being popular today not only in Philippines, but in the whole world also, Union Bank started its work in the Makati, Philippines, in the year 1968. The first name of the bank was “Union Savings and Mortgage Bank” and bank firstly opened its doors on the August, 16. In the year 1992 Union Bank got a license and became one of the universal bank in Philippines with the wide range of financial and banking services to meet financial needs of its clients. Stability and quality are the main characteristics of Union Bank’s work. Nowadays it has wide international network of its branches and ATMs. Number of its clients is increasing with every year thanks to the high quality, stability and wide range of bank’s services. By implementing new modern technologies Union Bank continue its developing and remains one of the most popular banks in Philippines. The union bank head office is located in Pasig City, Philippines.
Ownership of the Union Bank
According to the information on the official website of the bank, Union Bank ownership nowadays is divided the following way:
- The main part of its shares belongs to Aboitiz Group of Companies. They hold 49.629% of all bank’s shares;
- Smaller part is owned by Social Security System. They hold 26.87% of all shares;
- Another part of the Bank’s shares belongs to such union bank owner as Insular Life (18.75%);
- The smallest part of the shares belongs to Public stock (4.751%).
Union Bank nowadays is considered to be one of the most innovative banks in the whole Philippines area thanks to the modern technologies implemented, which help to perform fast and completely safe transactions and provide its customers with the highest levels of productivity and efficiency.
Main branches and ATMs of the Union Bank
Union Bank has unique branch culture which enables it to provide international and local customers with permanently high services. On the official website you will find a special locator which will help you to find the nearest union bank branches or ATMs. All you need to do is enter your area and city, after that system will show you the list of the nearest union bank atms and branches with their working hours. Most of the branches are opened from 09.00am till 03.00pm and work from Monday till Friday, but you can also find branches with the extended union bank banking hours or branches which are opened on Saturday. For the most recent information about the branches’ work and union bank office hours visit the official website of Union Bank. It will significantly save your time and efforts.