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| UNION DIGITAL BANK | ||||
| Published Balance Sheet | ||||
| Amounts in Philippine Pesos | ||||
| As of 31 December 2024 | ||||
| ASSETS | ||||
| Current Quarter | Previous Quarter | |||
| Cash and Cash Items | 0.00 | 0.00 | ||
| Due from Bangko Sentral ng Pilipinas | 9,510,827,491.33 | 8,964,868,873.51 | ||
| Due from Other Central Banks and Banks - Net | 164,307,614.14 | 151,570,039.08 | ||
| Financial Assets at Fair Value through Profit or Loss (FVPL) 1/ | 0.00 | 0.00 | ||
| Financial Assets at Fair Value Through Other Comprehensive Income (FVOCI) - Net | 0.00 | 0.00 | ||
| Debt Securities at Amortized Cost - Net | 0.00 | 0.00 | ||
| Loans to Bangko Sentral ng Pilipinas | 0.00 | 0.00 | ||
| Interbank Loans Receivable | 0.00 | 0.00 | ||
| Loans and Receivables - Others | 4,969,115,107.89 | 7,388,066,787.94 | ||
| Loans and Receivables Arising from RA/CA/PR/SLB | 1,700,000,000.00 | 1,200,000,000.00 | ||
| Total Loan Portfolio (TLP) - Gross | 6,669,115,107.89 | 8,588,066,787.94 | ||
| Allowance for Credit Losses 2/ | 746,562,524.91 | 1,349,516,796.65 | ||
| Total Loan Portfolio - Net | 5,922,552,582.98 | 7,238,549,991.29 | ||
| Equity Investment in Subsidiaries, Associates and Joint Ventures - Net | 0.00 | 0.00 | ||
| Bank Premises, Furniture, Fixture and Equipment - Net | 31,094,389.81 | 28,124,730.04 | ||
| Real and Other Properties Acquired - Net | 0.00 | 0.00 | ||
| Sales Contract Receivables - Net | 0.00 | 0.00 | ||
| Non-Current Assets Held for Sale | 0.00 | 0.00 | ||
| Other Assets - Net | 3,817,470,127.80 | 4,146,880,413.55 | ||
| Net Due from Head Office/Branches/Agencies (Philippine
branch of a foreign bank) |
0.00 | 0.00 | ||
| TOTAL ASSETS | 19,446,252,206.06 | 20,529,994,047.47 | ||
| LIABILITIES | ||||
| Financial Liabilities at Fair Value through Profit or Loss (FVPL) 3/ | 0.00 | 0.00 | ||
| Deposit Liabilities | 14,853,947,267.66 | 15,255,355,169.14 | ||
| Due to Other Banks | 0.00 | 0.00 | ||
| Bills Payable | 0.00 | 0.00 | ||
| BSP (Rediscounting and Other Advances) | 0.00 | 0.00 | ||
| Interbank Loans Payable | 0.00 | 0.00 | ||
| Other Borrowings, including Deposit Substitutes | 0.00 | 0.00 | ||
| Bonds Payable-Net | 0.00 | 0.00 | ||
| Unsecured Subordinated Debt - Net | 0.00 | 0.00 | ||
| Redeemable Preferred Shares | 0.00 | 0.00 | ||
| Other Liabilities | 617,727,654.04 | 851,586,877.80 | ||
| Net Due to Head Office/Branches/Agencies (Philippine branch of a foreign bank) | 0.00 | 0.00 | ||
| TOTAL LIABILITIES | 15,471,674,921.70 | 16,106,942,046.94 | ||
| STOCKHOLDERS' EQUITY | ||||
| Capital Stock | 6,650,000,000.00 | 4,000,000,000.00 | ||
| Additional Paid-In Capital | 0.00 | 0.00 | ||
| Undivided Profits | (2,360,960,946.55) | (1,912,486,230.38) | ||
| Retained Earnings | (314,461,769.09) | (314,461,769.09) | ||
| Other Capital Accounts | 0.00 | 2,650,000,000.00 | ||
| Assigned Capital | 0.00 | 0.00 | ||
| TOTAL STOCKHOLDERS' EQUITY | 3,974,577,284.36 | 4,423,052,000.53 | ||
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 19,446,252,206.06 | 20,529,994,047.47 | ||
| CONTINGENT ACCOUNTS | ||||
| Guarantees Issued | 0.00 | 0.00 | ||
| Financial Standby Letters of Credit | 0.00 | 0.00 | ||
| Performance Standby Letters of Credit | 0.00 | 0.00 | ||
| Commercial Letters of Credit | 0.00 | 0.00 | ||
| Trade Related Guarantees | 0.00 | 0.00 | ||
| Commitments | 0.00 | 0.00 | ||
| Spot Foreign Exchange Contracts | 0.00 | 0.00 | ||
| Securities Held Under Custodianship by Bank Proper | 0.00 | 0.00 | ||
| Trust Department Accounts | 0.00 | 0.00 | ||
| Derivatives | 0.00 | 0.00 | ||
| Others | 1.00 | 1.00 | ||
| TOTAL CONTINGENT ACCOUNTS | 1.00 | 1.00 | ||
| FINANCIAL INDICATORS (%) | ||||
| ASSET QUALITY | ||||
| Gross Non-Performing Loans (NPL) Ratio | 22.86 | 28.35 | ||
| Net NPL Ratio | 12.12 | 13.20 | ||
| Gross NPL Coverage Ratio | 48.98 | 55.43 | ||
| Net NPL Coverage Ratio | 48.33 | 54.81 | ||
| RELATED PARTY TRANSACTIONS | ||||
| Ratio of Loans to Related Parties to gross TLP | 0.00 | 0.00 | ||
| Ratio of Non-Performing Loans to Related Parties to Total Loans to Related Parties | 0.00 | 0.00 | ||
| Ratio of DOSRI Loans to gross TLP | 0.00 | 0.00 | ||
| Ratio of Non-Performing DOSRI Loans to Total Loans to DOSRI | 0.00 | 0.00 | ||
| LIQUIDITY | ||||
| Liquidity Coverage Ratio 4/ | 654.93 | 570.77 | ||
| Net Stable Funding Ratio 4/ | 272.16 | 232.94 | ||
| Minimum Liquidity Ratio 5/ | 0.00 | 0.00 | ||
| PROFITABILITY | ||||
| Return on Equity (ROE) | (60.95) | (66.24) | ||
| Return on Assets | (11.54) | (12.34) | ||
| Net Interest Margin | 13.59 | 14.34 | ||
| CAPITAL ADEQUACY | ||||
| Common Equity Tier 1 Ratio | 10.19 | 14.15 | ||
| Tier 1 Capital Ratio | 10.19 | 14.15 | ||
| CAR | 10.27 | 14.27 | ||
| LEVERAGE | ||||
| Basel III Leverage Ratio 4/ | 6.92 | 9.77 | ||
| Deferred Charges not yet Written Down | 0.00 | 0.00 | ||
| 1/ This account is comprised of Financial Assets Held for Trading (HFT), Debt Securities Designated at FVPL, and Other Financial Assets Mandatorily Measured at FVPL. | ||||
| 2/ This acccount is comprised of Specific Allowance for Credit Losses and General Loan Loss Provision. | ||||
| 3/ This account is comprised of Financial Liabilities Held for Trading, and Financial Liabilities Designated at FVPL. | ||||
| 4/ Only applicable to All Universal and Commercial Banks and their subsidiary banks. | ||||
| 5/ Only applicable to All Stand-alone TBs, RBs, and CoopBanks | ||||
| Newspaper Published in: Business World | ||||
| Newspaper Published on: 17-Feb-2025 | ||||