UnionBank Clinches Historic 'Best Retail Bank' Title in PH for 5th Consecutive Year!
UnionBank once again
outperformed its peers at the most rigorous, prestigious, and transparent annual
awards program to recognize institutional and individual leadership in retail
financial services in the Asia Pacific region. The Asian
Banker’s Global Excellence in Retail Financial Services Awards Programme
2024, held last March in Seoul, Korea, gave UnionBank its 5th consecutive BEST
RETAIL BANK in the Philippines award! The unrivalled fifth Best Retail Bank prize of industry trailblazer
UnionBank once again proves its ability to deliver on its continuing commitment
to provide superior customer experience.
The award was attributed to UnionBank's
outstanding financial performance and notable growth in its retail customer
base compared to its counterparts by the end of 2023. According to The Asian
Banker, UnionBank “has shown
exceptional financial performance and retail customer growth among its peers by
the end of 2023. It reported a 43% year-on-year revenue growth rate, with its
customer base expanding to nearly 14 million following a significant
acquisition (of Citi Philippines’ Consumer Business). Scoring 101.44 in
the latest BankQuality survey, the bank is recognized for its efficient online
transactions and user-friendly services. It is distinguished as the first and
only universal bank in the Philippines licensed to offer virtual asset exchange
services, certified by the Bangko Sentral ng Pilipinas (BSP), demonstrating
adaptability to changing financial trends and customer needs.”
This latest addition to UnionBank’s various international recognitions solidifies the Bank’s position as a leading player in the local and even international banking and finance arena.
The Asian Banker is the region’s most authoritative provider of strategic business intelligence to the financial services community. The Singapore-based company has offices in Singapore, Malaysia, Manila, Hong Kong, Beijing, and Dubai, as well as representatives in London, New York, and San Francisco. It has a business model that revolves around three core business lines: publications, research services and forums.
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