UnionBank – International Exchange Bank

HISTORY  1968 – the Bank was established under the name of “Union Savings and Mortgage Bank”.  Jan. 19, 1982 – Union Savings and Mortgage Bank changed its name to its current name, “UnionBank of the Philippines” and became a commercial bank.

HISTORY  1992 – UnionBank had a successful IPO on the Philippine Stock Exchange.  Present – UnionBank is presently known for their technological and banking advances, thus ranking the company as seventh in terms of assets in the Philippines.

HISTORY  Figures: Trading symbol: UBP IPO Price: P22.50 (June 29, 1992) Par Value: P10 Book Value: P40.60 (September 30, 2007) No. Of Branches: 166 branches naionwide (December 31, 2007) No. Of ATMs: 187 operational ATMs linked to 7,851 ATMs (November 30, 2007)

HISTORY  August 17, 1995 – The Internetional Exchange Bank was established as a commercial bank, then started its operations on September 25 of the same year.  It was one of the many banks formed during the 1990s, during the Government’s encouragement of forming more banks.

HISTORY  September 22, 2003 – iBank joined MegaLink and unveiled its iDeal ATM card. The iDeal card was revolutionary in the sense that it was the first ATM card to come with value-added benefits, such as shopping discounts.  Dec. 6, 2004 – The bank wasli sted on the Philippine Stock Exchange, under the ticker symbol IBNK.

MISSION AND BUSINESS STRATEGY UnionBank’s mission is to provide product solutions, information and network access that customers need to become financially and operationally efficient. To achieve this mission, UnionBank has adopted a strategic plan called “FOCUS 2010”, which is an acronym for “Financial Value, Operational Excellence, Customer Franchise, UnionBank Brand/Experience and Superior Innovation”. The major components of FOCUS 2010 are as follows:  Financial Value: Enhance the financial value of the Bank’s operations;  Operational Excellence: Increase productivity while reducing costs;  Customer Franchise: Increase customer base and reduce customer attrition;  UnionBank Brand/Experience: Establish a unique brand image in strategic markets;&  Superior Innovation: Continue to offer innovative products and services.

ACQUISITION PROCESS  June 5, 2006 – UnionBank acquired International Exchange bank when it entered into a deed of sale of shares with certain shareholders of iBank for the acquisition of a 99% equity interest in iBank.  June 27, 2006 – UnionBank filed with the Philippine SEC a plan of merger which merger was subsequently approved by Philippine SEC on August 28, 2006.

ACQUISITION PROCESS  The acquisition of iBank by UnionBank is in line with UnionBank’s “FOCUS 2010” strategic plan to become one of the leading universal banks in the Philippines by The objective of the merger was to take advantage of the synergies of the merger to reposition UnionBank as a top-tier universal bank with the necessary scale and enhanced product offerings to compete in the Philippine banking sector.

AFTERMATH  iBank is now part of UnionBank, a merger that creates the seventh largest private universal bank in the country, with an aggregate resource base of over PhP160 billion.  IBank was founded as a commercial bank on August 17, 1995, starting operations on September 25 of that year. It grew rapidly largely due to its consumer-oriented services which proved to be popular at the time.  Edwin R. Bautista, Executive Vice President of UnionBank, was appointed President and Chief Executive Officer of iBank.

AFTERMATH  UnionBank became the seventh largest bank in the Philippines, in terms of assets after merging.  It is one of the most stable Philippine banks as of today.  It is the host bank of the E-Card accounts of the members of the Government Service Insurance System.

RANKINGS  Before Acquisition, June 2004: By Asset Size RankingBankTotal Assets (PHP, Mil) 1Metrobank463, Security Bank Corp80,106 16Union Bank76,874 17Philippine Bank of Communications55, International Exchange Bank46,406 21Philippine Trust Company39,750

RANKINGS  After Acquisition, June 2008: By Asset Size RankBank Name Total Assets 1 Banco de Oro Unibank Inc. (BDO)643,402 2 Metropolitan Bank and Trust Co. (Metrobank)615, Citibank NA 196,820 9 China Banking Corporation (ChinaBank)185, Union Bank of the Philippines (Union Bank)179, Allied Banking Corporation (Alied Bank)128, Security Bank Corporation (Security Bank)127,866

After Acquisition, June 2008: By Asset Size BankTotal Assets Banco de Oro (BDO) Unibank862,049,000,000 Metrobank854,306,957,000 Bank of the Philippine Islands (BPI)724,420,000,000 Rizal Commercial Banking Corp (RCBC)288,515,577,000 Philippine National Bank (PNB)283,299,906,000 UnionBank of the Philippines (UBP)244,361,318,000 China Banking Corp. - ChinaBank (CHIB)234,035,615,754 Security Bank (SECB)146,250,475,000 Philippine Savings Bank - PSBank (PSB)93,087,829,641

RANKINGS  Recent Figures, 2009: By Asset Size ○ Banco de Oro (BDO) Unibank – P billion ○ Metrobank (MBT) – P billion ○ Bank of the Philippine Islands (BPI) – P billion ○ Rizal Commercial Banking Corp (RCBC) – P billion ○ Philippine National Bank (PNB) – P billion ○ UnionBank of the Philippines (UBP) – P billion ○ China Banking Corp. – ChinaBank (CHIB) – P billion ○ Security Bank (SECB) – P billion ○ Philippine Savings Bank – PSBank (PSB) – P billion ○ Philippine Trust Co. – PhilTrust Bank (PTC) – P billion

RANKINGS  Recent Figures, 2009: By Total Deposits ○ Banco de Oro (BDO) Unibank – P billion ○ Metrobank (MBT) – P billion ○ Bank of the Philippine Islands (BPI) – P billion ○ Rizal Commercial Banking Corp (RCBC) – P billion ○ Philippine National Bank (PNB) – P billion ○ UnionBank of the Philippines (UBP) – P billion ○ China Banking Corp. – ChinaBank (CHIB) – P billion ○ Security Bank (SECB) – P billion ○ Philippine Savings Bank – PSBank (PSB) – P billion ○ Philippine Trust Co. – PhilTrust Bank (PTC) – P billion

RANKINGS  Recent Figures, 2009: By Net Income ○ Bank of the Philippine Islands (BPI) – P8.665 billion ○ Metrobank (MBT) – P6.795 billion ○ Banco de Oro (BDO) Unibank – P6.101 billion ○ UnionBank of the Philippines (UBP) – P4.325 billion ○ China Banking Corp. – ChinaBank (CHIB) – P4.103 billion ○ Rizal Commercial Banking Corp (RCBC) – P3.328 billion ○ Security Bank (SECB) – P3.062 billion ○ Philippine National Bank (PNB) – P2.200 billion ○ Philippine Trust Company – PhilTrust Bank (PTC) – P1.261 billion ○ Philippine Savings Bank – PSBank (PSB) – P1.240 billion