UnionBank was awarded the Best Retail Bank Philippines 2020 and Best Cash Management Bank Philippines 2020 by online and print magazine Global Banking & Finance Review in recognition of its leadership, innovation and continued commitment and dedication in providing customers with world-class services in retail banking and cash management.

“Union Bank of the Philippines is redefining banking in the Philippines. They are focused on developing solutions that make banking more efficient, cost-effective and readily accessible for both retail and commercial clients. Their continued investment in technology, strategic vision and strong risk management is what made them stand out as the winner this year,” Global Banking and Finance Review Editor Wanda Rich said.

The Awards honor companies that stand out in particular areas of expertise in the banking and finance industry.

UnionBank has been cited for its outstanding scores in terms of investment in technology to improve user experience; customizable cash management solutions accessible from one platform; outward remittance volume, increase in cards issued and innovative product and service development for retail customers; continued commitment to improve customer experience and access; strong corporate governance and risk management; and commitment to the communities it serves.