SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Feb 24, 2017

2. SEC Identification Number

36073

3. BIR Tax Identification No.

000-508-271-000

4. Exact name of issuer as specified in its charter

UNION BANK OF THE PHILIPPINES

5. Province, country or other jurisdiction of incorporation

METRO MANILA

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

UNIONBANK PLAZA, MERALCO, AVE., COR. ONYX ST., ORTIGAS, PASIG CITY1605 Postal Code 1605

8. Issuer's telephone number, including area code

(632) 667-6388

9. Former name or former address, if changed since last report

NOT APPLICABLE

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON	1,058,343,929

11. Indicate the item numbers reported herein

UBP-Audited Financial Statements

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Union Bank of the Philippines, Inc.UBP

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Approval of the Audited Financial Statements of UBP as of December 31, 2016.
Background/Description of the Disclosure
Gentlemen: Please be informed that the Board of Directors of Union Bank of the Philippines ("UBP') approved on February 24, 2017 the Audited Financial Statements and the corresponding Notes to Financial Statements as of December 31, 2016. Please see attached Audited Financial Statements and the corresponding Notes to Financial Statements. For your information and guidance. Thank you Very truly yours, JOSELITO V. BANAAG SVP-General Counsel and Corporate Secretary
Other Relevant Information
Please see attached.