ABOITIZ-LED Union Bank of the Philippines (UnionBank) recorded a net income of P6.4 billion in the first nine months, down 21 percent from the P8.1 billion posted in the same period in 2016.

In a disclosure to the Philippine Stock Exchange, UnionBank said that excluding securities gains, core income in the period grew 42.5 percent to P6.1 billion from P4.3 billion a year ago.

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