Union Bank Of The Philippines Says Net Income Of 2 Billion Pesos For Q1

Union Bank of the Philippines UBP:

• NET INCOME OF 2 BILLION PESOS FOR Q1

• QTRLY NET INTEREST INCOME GREW BY 17% TO 13 BILLION PESOS

• QTRLY NET INTEREST MARGINS NOW STANDING AT 5.7%

• WE WILL NO LONGER BEAR ONE-TIME COSTS ASSOCIATED WITH CITI CONSUMER BUSINESS STARTING THIS MONTH