What bank is owned by Aboitiz?
Union Bank of the Philippines (commonly known as UnionBank) is a major universal bank in the Philippines that is majority-owned and controlled by the Aboitiz Group through its holding entity, Aboitiz Equity Ventures. Alongside other institutional co-investors like the Social Security System and Insular Life, the Aboitiz family and corporate conglomerate guide the strategic direction of UnionBank. UnionBank has earned widespread acclaim for its aggressive digital transformation, acquisition of major consumer portfolios like Citibank's local retail operations, and its comprehensive range of commercial and retail banking products.
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