August 29, 2016 1:20 AM ET


Company Overview of Asia United Bank Corporation

Company Overview

Asia United Bank Corporation, together with its subsidiaries, provides a range of banking and other financial products and services to consumers, small medium enterprises, and large corporations in the Philippines. The company operates through Commercial, Consumer, Treasury, Branch Banking, and Others segments. It provides commercial banking services, such as deposit products, loans and trade finance, domestic and foreign fund transfers, treasury, foreign exchange, and trust services. Its deposit products include savings, current, time, and other currency deposit accounts; and loan portfolio comprises auto, home, salary, and commercial loans, as well as real estate and pension loans. The com...

Joy-Nostalg Center

No. 17 ADB Avenue

Ortigas Center



Founded in 1997

2,196 Employees


63 2 638 6888

Key Executives for Asia United Bank Corporation

Asia United Bank Corporation does not have any Key Executives recorded.

Asia United Bank Corporation Key Developments

Asia United Bank Corporation Announces Earnings Results for the First Six Months of 2016

Asia United Bank Corporation announced earnings results for the first six months of 2016. For the six months, the company reported 44% increase in their net profit to PHP 1.23 billion against the same period in 2015.

Asia United Bank Corporation Announces Board Changes

At the meeting of the Board of Directors held on July 22, 2016, Asia United Bank Corporation accepted the resignation of Atty. A. Bayani K. Tan as Director and Corporate Secretary of the Corporation to take effect upon the qualification of his successor. Likewise, in view of the vacant seats in the Board and there being a quorum, the Board elected Atty. Maria GraciaM. Pulido-Tan as Independent Director to replace Dr. Benjamin E. Diokno, and Mr. Jacob C. Ng as Director to replace Atty. A. Bayani K. Tan, to serve as such for the unexpired terms of their predecessors, and until such time that their successors are duly elected and qualified. To replace Atty. A. Bayani K. Tan as Corporate Secretary, the Board elected Atty. Jason C. Nalupta as Corporate Secretary. Their qualifications and experience were duly deliberated and endorsed by the Nomination Committee in an earlier meeting and their election shall be subject to the approval of the Bangko Sentral ng Pilipinas after duly complying with its requirements. The changes are effective July 22. 2016. The board also announced Jacinto L. Ng, Sr. as Chairman, Abraham T. Co, Ramon Y. Sy, Jacob C. Ng, and Andrew T. Yap - Officer (non-voting) to its executive committee and Justice Adolfo S. Azcuna, George T. Chua, Atty. Maria Gracia M. Pulido-Tan, Jacob C. Ng and Florante C. Del Mundo - Officer (non-voting) to it audit committee. The board also announced Abraham T. Co, Justice Adolfo S. Azcuna, and Atty. Maria Gracia M. Pulido-Tan to its nomination committee.

Asia United Bank Corporation Announces Special Dividend, Payable on September 1, 2016

The board of Asia United Bank Corporation at its meeting held on July 22, 2016, approved the declaration of special dividend of Sixty Seven Centavos (PHP 0.67) per share in cash dividends and fix payment date as Sept. 1, 2016 and record date for the dividend is Aug. 5, 2016.

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