UnionDigital recognised as Best Digital Bank for rapid growth and strategic ecosystem partnerships

UnionDigital Bank experienced significant balance sheet expansion and achieved profitability by leveraging technology and the financial data of its parent company, UnionBank. The bank has significantly enhanced credit accessibility through strategic ecosystem partnerships and tailored credit models. It achieved a loan-to-deposit ratio of 69% with PHP 12 billion ($218 million) in loans. Additionally, the bank showcased its profitability with a pre-tax return on equity of 7% and a cost-to-income ratio of 39%. Key initiatives include a strategic partnership with Aboitiz’s 14 subsidiaries, using the group’s network to streamline underwriting and improve loan approvals. UnionDigital also partnered with mWell, integrating its services into the mWell app to provide financial resources.