Edwin Bautista is the chief executive officer and president of Union Bank of the Philippines (UnionBank).
He recently expressed his financial firm’s emphasis on achieving financial inclusion for all Filipinos.
Bautista relayed that everyone must collaborate. In this manner, they would accomplish the state of inclusive prosperity for all the people, he cited.
The UnionBank head said that the Philippines is presently enjoying a fast rate of growth, according to the report by Philippine daily newspaper The Philippine Star.
With this development, he remarked that they at the banking institution desire to have all the members of the society to benefit.
Furthermore, Bautista mentioned that national progress expands the gap between the affluent and the impoverished.
Hence, he said that they intend to help everyone become prosperous, not only those who possess considerable financial means.
In line with Bautista’s latest statements, UnionBank inked a deal lately with Wirecard AG. The latter is a financial services provider from Germany.
Moreover, in the realm of financial commerce, Wirecard AG is among the most rapidly-growing digital platforms in the world.
Under the new collaboration, the German firm will leverage the Aboitiz-led bank’s strong banking ecosystem.
Among these services are check writers, electronic funds transfer, and business banking.
Besides, Wirecard AG will reportedly transform UnionBank’s services into more efficient and convenient ones.
Corporate customers are among the consumers seen to benefit in the financial services ecosystem that will get boosted by the new deal.
At UnionBank, Antonino Fajardo is the chief of the corporate banking center. He described businesses as significant in the national growth of the Philippines.
These ventures aid in building the economy via their diverse corporate social responsibility initiatives, Fajardo said.
Moreover, they contribute to the Philippine gross domestic product, he relayed. The bank executive remarked that businesses give jobs to the people as well.
Through the new partnership that the bank has sealed, they would be able to magnify all of these aids that Philippine businesses deliver to the society, Fajardo remarked.
He explained that the new alliance would empower businesses. This advantage would come through a broader range of financial and banking services.
Furthermore, Fajardo relayed that the Wirecard AG-UnionBank agreement would facilitate local enterprises to bring more positive effects to the Philippine economy.
Union Bank of the Philippines, Incorporated (PSE: UBP) closed at P57.50 per share last Friday, March 6, 2020.
This last trade price of the shares of the bank’s stock is up by P0.05 or 0.09 percent from its previous close.
Furthermore, the total value turnover reached P3,127,378.00.
The 52-week high of UnionBank is at P64.05, while its 52-week low is at P56.00, as per figures from the Philippine Stock Exchange.
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