In 2021, UnionBank was one of only six applicants licensed by the Bangko Sentral ng Pilipinas to open a digital bank, prior to its announcement of a three-year moratorium on digital bank licenses.

UnionBank was named the best digital bank in 2022 by the global economic, business, and financial publication Capital Finance International ( among peers in Southeast Asia for its exemplary performance within the past year, highlighting several of the Bank’s numerous achievements that have defined the said year and set it apart from its competitors not only in the Philippines but in neighboring countries in the region.

One of UnionBank’s milestones that was highlighted by for the award was its acquisition of Citi’s consumer banking business in the Philippines, where both banks promised “a seamless transition and zero changes in service” with some 1,750 Citi employees joining UnionBank

According to Wikipedia and