Union Bank of the Philippines (UnionBank) has earned its third consecutive Four Golden Arrows recognition from the Institute of Corporate Directors (ICD), affirming its commitment to strong corporate governance, transparency, and accountability.

The Golden Arrow Awards recognize publicly listed companies based on the ASEAN Corporate Governance Scorecard (ACGS), which evaluates shareholder rights, corporate disclosures, risk management, and board oversight.

UnionBank’s latest recognition places it among a select group of companies demonstrating exemplary governance practices.

President and CEO Ana Aboitiz Delgado said good governance is particularly important when making difficult business decisions, emphasizing accountability, ethical leadership, and customer trust as the bank continues to grow and innovate.

The recognition also reflects the Aboitiz Group’s commitment to corporate governance, with Aboitiz Equity Ventures receiving Four Golden Arrows and Aboitiz Power Corporation earning Three Golden Arrows.

UnionBank said the distinction reinforces its commitment to integrity, transparency, and responsible decision-making as it advances its customer-focused growth and NextGen banking initiatives.

The bank is regulated by the Bangko Sentral ng Pilipinas, while deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) up to ₱1 million per depositor.