UnionDigital Bank has been awarded by the prestigious Global Excellence in Retail Finance Awards 2024 with the distinguished title of the ‘Best Digital Bank in The Philippines’ for its cutting-edge digital banking solutions.
As of December 2023, the bank has attained a 65% market share in loan portfolio size while ranking second with its commendable 25% share, surging a 58% loan-to-deposit ratio at the end of 2022 to 69%. This period marks a significant profitability margin, showcasing its growth with revenue soaring up to 13 times, totaling over PHP 5 billion.
Henry Aguda, CEO of UnionDigital Bank adds that this honor and acknowledgment has encouraged them to continue pursuing their dedication to making digital banking solutions. Through collaborations with partners such as mWell, Angkas, and Capital A, UnionDigital Bank reinforces its commitment to the industry and its customers.
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