UnionBank –
International Exchange
Bank
HISTORY
1968 – the Bank was established under
the name of “Union Savings and
Mortgage Bank”.
 Jan. 19, 1982 – Union Savings and
Mortgage Bank changed its name to its
current name, “UnionBank of the
Philippines” and became a commercial
bank.

HISTORY
1992
–
UnionBank
had
a
successful IPO on the Philippine Stock
Exchange.
 Present – UnionBank is presently known
for their technological and banking
advances, thus ranking the company as
seventh in terms of assets in the
Philippines.

HISTORY

Figures:
 Trading symbol: UBP
 IPO Price: P22.50 (June 29, 1992)
 Par Value: P10
 Book Value: P40.60 (September 30, 2007)
 No. Of Branches: 166 branches naionwide
(December 31, 2007)
 No. Of ATMs: 187 operational ATMs linked
to 7,851 ATMs (November 30, 2007)
HISTORY
August 17, 1995 – The Internetional
Exchange Bank was established as
a commercial bank, then started its
operations on September 25 of the
same year.
 It was one of the many banks formed
during
the
1990s,
during
the
Government’s
encouragement
of
forming more banks.

HISTORY

September
22,
2003
–
iBank
joined MegaLink and unveiled its iDeal
ATM card.
 The iDeal card was revolutionary in the
sense that it was the first ATM card to come
with value-added benefits, such as shopping
discounts.

Dec. 6, 2004 – The bank wasli sted on
the Philippine Stock Exchange, under
the ticker symbol IBNK.
MISSION AND BUSINESS STRATEGY
UnionBank’s mission is to provide product solutions, information and
network access that customers need to become financially and
operationally efficient. To achieve this mission, UnionBank has adopted
a strategic plan called “FOCUS 2010”, which is an acronym for
“Financial Value, Operational Excellence, Customer Franchise,
UnionBank Brand/Experience and Superior Innovation”.
The major components of FOCUS 2010 are as follows:
Financial Value: Enhance the financial value of the Bank’s operations;
Operational Excellence: Increase productivity while reducing costs;
Customer Franchise: Increase customer base and reduce customer
attrition;
 UnionBank Brand/Experience: Establish a unique brand image in
strategic markets;&
 Superior Innovation: Continue to offer innovative products and services.



ACQUISITION PROCESS
June 5, 2006 – UnionBank acquired
International Exchange bank when it
entered into a deed of sale of shares with
certain shareholders of iBank for the
acquisition of a 99% equity interest in
iBank.
 June 27, 2006 – UnionBank filed with the
Philippine SEC a plan of merger which
merger was subsequently approved by
Philippine SEC on August 28, 2006.

ACQUISITION PROCESS

The acquisition of iBank by UnionBank
is in line with UnionBank’s “FOCUS
2010” strategic plan to become one of
the leading universal banks in the
Philippines by 2010.
 The objective of the merger was to take
advantage of the synergies of the merger to
reposition UnionBank as a top-tier universal
bank with the necessary scale and
enhanced product offerings to compete in
the Philippine banking sector.
AFTERMATH

iBank is now part of UnionBank, a merger that
creates the seventh largest private universal bank
in the country, with an aggregate resource base of
over PhP160 billion.

IBank was founded as a commercial bank on
August 17, 1995, starting operations on September
25 of that year. It grew rapidly largely due to its
consumer-oriented services which proved to be
popular at the time.

Edwin R. Bautista, Executive Vice President of
UnionBank, was appointed President and Chief
Executive Officer of iBank.
AFTERMATH
UnionBank became the seventh largest
bank in the Philippines, in terms of
assets after merging.
 It is one of the most stable Philippine
banks as of today.
 It is the host bank of the E-Card
accounts
of
the
members
of
the Government Service Insurance
System.

RANKINGS

Before Acquisition, June 2004:
 By Asset Size
Ranking
1
Bank
Metrobank
Total Assets (PHP, Mil)
463,884
.
.
15
Security Bank Corp
80,106
16
Union Bank
76,874
17
Philippine Bank of Communications
55,792
20
International Exchange Bank
46,406
21
Philippine Trust Company
39,750
.
RANKINGS

After Acquisition, June 2008:
 By Asset Size
Rank
Bank Name
Total Assets
1
Banco de Oro Unibank Inc. (BDO)
643,402
2
Metropolitan Bank and Trust Co. (Metrobank)
615,911
8
Citibank NA
196,820
9
China Banking Corporation (ChinaBank)
185,625
10
Union Bank of the Philippines (Union Bank)
179,612
11
Allied Banking Corporation (Alied Bank)
128,992
12
Security Bank Corporation (Security Bank)
127,866
.
•After Acquisition, June 2008:
By Asset Size
Bank
Total Assets
Banco de Oro (BDO) Unibank
862,049,000,000
Metrobank
854,306,957,000
Bank of the Philippine Islands (BPI)
724,420,000,000
Rizal Commercial Banking Corp (RCBC)
288,515,577,000
Philippine National Bank (PNB)
283,299,906,000
UnionBank of the Philippines (UBP)
244,361,318,000
China Banking Corp. - ChinaBank (CHIB)
234,035,615,754
Security Bank (SECB)
146,250,475,000
Philippine Savings Bank - PSBank (PSB)
93,087,829,641
RANKINGS

Recent Figures, 2009:
 By Asset Size
○ Banco de Oro (BDO) Unibank – P862.049 billion
○ Metrobank (MBT) – P854.307 billion
○ Bank of the Philippine Islands (BPI) – P724.420 billion
○ Rizal Commercial Banking Corp (RCBC) – P288.516 billion
○ Philippine National Bank (PNB) – P283.300 billion
○ UnionBank of the Philippines (UBP) – P244.361 billion
○ China Banking Corp. – ChinaBank (CHIB) – P234.036 billion
○ Security Bank (SECB) – P146.250 billion
○ Philippine Savings Bank – PSBank (PSB) – P93.088 billion
○ Philippine Trust Co. – PhilTrust Bank (PTC) – P85.696 billion
RANKINGS

Recent Figures, 2009:
 By Total Deposits
○ Banco de Oro (BDO) Unibank – P694.678 billion
○ Metrobank (MBT) – P615.700 billion
○ Bank of the Philippine Islands (BPI) – P579.471 billion
○ Rizal Commercial Banking Corp (RCBC) – P220.278 billion
○ Philippine National Bank (PNB) – P214.317 billion
○ UnionBank of the Philippines (UBP) – P194.508 billion
○ China Banking Corp. – ChinaBank (CHIB) – P193.290 billion
○ Security Bank (SECB) – P108.525 billion
○ Philippine Savings Bank – PSBank (PSB) – P77.390 billion
○ Philippine Trust Co. – PhilTrust Bank (PTC) – P73.913 billion
RANKINGS

Recent Figures, 2009:
 By Net Income
○ Bank of the Philippine Islands (BPI) – P8.665 billion
○ Metrobank (MBT) – P6.795 billion
○ Banco de Oro (BDO) Unibank – P6.101 billion
○ UnionBank of the Philippines (UBP) – P4.325 billion
○ China Banking Corp. – ChinaBank (CHIB) – P4.103 billion
○ Rizal Commercial Banking Corp (RCBC) – P3.328 billion
○ Security Bank (SECB) – P3.062 billion
○ Philippine National Bank (PNB) – P2.200 billion
○ Philippine Trust Company – PhilTrust Bank (PTC) –
P1.261 billion
○ Philippine Savings Bank – PSBank (PSB) – P1.240 billion