Corporate Vision Issue 12 2018

64 CORPORATE VISION / Issue 12 2018 , Union Bank of the Philippines is a publicly-listed universal bank based out of Metropolitan Manila. Earlier this year, UnionBankwas awarded theMost Outstanding in Cash Management Banking accolade in Corporate VisionMagazine’s esteemed 2018 Corporate Excellence Awards. Following this achievement, we took amoment to look behind one of the largest banks in the Philippines, and to see how it continues to lead the region’s finance industry with its technological innovations. A Pioneer in the Philippine Financial Industry UnionBank has long been considered a pioneer in the Philip- pine financial sector; the first bank to have a website, the first to enable on- line banking, and the first to open an electronic savings account, it has become the pacesetter for the region. With this in mind, it is no surprise that it is one of the most prominent establishments in the industry, and one of the most stable banks in the country. Advocating for an approach de- fined by utilising up-to-the-minute technology, UnionBank can deliv- er real-time business solutions to its clients, fulfilling a need to be adaptable, and always one-step ahead of its customers’ diverse needs and business requirements. Moreover, at the core of Union- Bank is an expertise in corporate cash management and B2B solutions to both local and over- seas enterprises. This in turn has helped drive UnionBank to a year- on-year increase in income – with 2017 yielding a 30.4% increase to 8.2 billion Philippine pesos. When it comes to innovation, Un- ionBank is at the forefront of the industry. Since its establishment in 1981, the bank has focused on its technological front, seeing an opportunity to get ahead of the competition by embracing a -then new – technological movement. At present, this focus has re- sulted in a firm that stands apart from the competition, leagues ahead of those who have, by all regards, caught on too late. 1803CV38 Partnered with their ‘FOCUS’ imitative; financial value, oper- ational excellence, customer franchises, UnionBank experi- ence and superior innovation , UnionBank aims to become the third largest universal bank in the country, with a goal of only improving from there. Worthy of note is the bank’s em- bodiment of ‘ubuntu’ or compas- sion and humanity. This extends to UnionBank’s internal culture which champions efficiency and service quality without sacrificing the essential human element. In return, UnionBank ensures that they maintain a core integrity, and the drive to simply do right by their clients. For these reasons, the Union Bank of the Philippines was recognised for its exceptional and unwavering dedication to excel- lence in its services and products. Company: Union Bank of The Philippines Address: UnionBank Plaza Building, Meralco Avenue corner, Onyx Rd, Ortigas Center, Pasig, Kalakhang Maynila, 1600, The Philippines Website: Telephone: 0063 2585 1019