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May 05, 2015 11:01 AM ET

Banks

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

Pasig,  

Philippines

Founded in 1997

2,061 Employees

Phone:

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 Reports Audited Earnings Results for the Fiscal Year Ended Dec. 31, 2014

Asia United Bank Corporation reported audited earnings results for the fiscal year ended Dec. 31, 2014. Book value per share was PHP 61.98 as on Dec. 31, 2014 compared to PHP 55.36 as on Dec. 31, 2013. Operating revenue was PHP 4,139,190,336 compared to PHP 2,878,534,946 a year ago. Net income before tax was PHP 1,928,183,396 compared to PHP 1,644,639,590 a year ago. Net income attributable to the parent was PHP 1,681,499,616 compared to PHP 1,459,234,942 a year ago. Earnings per diluted share were PHP 5.2 compared to PHP 5.05 a year ago. Return on assets was PHP 1.47% compared to 1.73% a year ago. Return on equity was PHP 8.83% compared to 9.96% a year ago.

Asia United Bank Corporation Plans to Establish an Investment House Subsidiary

Asia United Bank Corporation announced its plan to establish an investment house subsidiary. The Board approved the incorporation of a wholly-owned investment house subsidiary of AUB in the Republic of the Philippines for the purpose of engaging in the business of an investment house as defined in PD (Presidential Decree) 129. AUB said it will put in PHP 300 million as minimum paid-up capitalization for the investment arm, as required by the Securities and Exchange Commission.

Asia United Bank Corporation Approves the Resignation of Vicente Julian A. Sarza as SVP and Head of Account Management Group, Effective April 30, 2015

Asia United Bank Corporation at its board meeting held on March 27, 2015, the board approved the resignation of Vicente Julian A. Sarza as SVP and Head of Account Management Group, with effect from April 30, 2015.

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