Union Bank president and COO Edwin R. Bautista has remarked that the bank’s total loan book stood at Php 190 billion in 2015. In a recent interview, Mr. Bautista said that the growth rate of the bank’s loans were at 40% and that another 30-40% will be seen this year.
It is also expected that both corporate and consumer loans will expand sometime during 2016. Mr. Bautista has also said that foreign firms are seeking a partnership with Union Bank, although it must also be noted that they are currently not in need of one. As of yesterday, Union Bank shares closed at Php 56.30 apiece, which is down by 20 cents or 0.35%.
