News Formal

UnionBank shares rise on earnings report, PSEi reentry - BusinessWorld Online

  • 📰 bworldph
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 68%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

SHARES in Union Bank of the Philippines (UnionBank) rose last week when the Aboitiz-led bank reported its full-year earnings and ahead of its return to the Philippine Stock Exchange index (PSEi) after 14 years. READ:

BW FILE PHOTO

The Aboitiz-led bank shares finished at P96 apiece on Friday, inching up by 2.7% from its P93.50 close last Jan. 27. For the year, the stock has risen by 11.5%. He added that the bank’s fourth-quarter performance was stronger on an annual basis although its “bottomline performance was relatively flat despite the strong growth in revenues .”

The listed bank’s acquisition of the consumer banking business of Citigroup, Inc. in the Philippines was completed in August last year. It was valued at P55 billion. The move comes after the bourse operator’s index review for 2022. To be included in PSEi means a listed company must be among the top in terms of liquidity and market capitalization.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bea Alonzo shares tips on starting own businessBea Alonzo gives her advice for those who want to start their own business in an online exclusive on GMA's lifestyle channel, ATM (Adventure.Taste.Moments). Read more about it here:
Source: gmanetwork - 🏆 12. / 63 Read more »