C04938-2021 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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COMMON | 1,219,362,818 |
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Subject of the Disclosure |
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Approval by the Bangko Sental ng Pilipinas of Application for Authority to Establish a Digital Bank |
Background/Description of the Disclosure |
Please be informed that the Bangko Sentral ng Pilipinas approved on July 15, 2021, per its Letter dated July 19, 2021, which was received by Union Bank of the Philippines (“UnionBank”) today, the application for authority to establish a digital bank, to be known as Union Digital Bank (“UnionDigital”), a wholly-owned subsidiary of UnionBank, subject to regulatory conditions. |
Other Relevant Information |
N/A |
Name | Joselito Banaag |
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Designation | Senior Vice President/Head of Legal and Corporate Secretary |