East West Banking Corporation, together with its subsidiaries, operates as a commercial bank providing a range of financial services to consumer and corporate clients in the Philippines. It operates through Retail Banking, Corporate Banking, Consumer Banking, and Treasury and Trust segments. The company offers personal banking services, such as checking and savings accounts, time deposit, bills payment, check-writing, and prepaid and gift cards; credit cards; auto, home, pre owned properties and cars, personal, and business loans; Internet banking; personal investment services, including money market and fixed-income unit investment trust funds, and fixed-income investment trust funds; and s...
East West Corporate Center
5th Avenue corner 23rd Street
Fort Bonifacio Global City
Taguig City, 1634
Founded in 1994
EastWest Banking Corporation Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2015
Nov 13 15
EastWest Banking Corporation announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2015. For the quarter, the company reported operating revenue of PHP 3,986,569,000 against PHP 3,794,224,000 a year ago. Net income before tax was PHP 514,686,000 against PHP 813,089,000 a year ago. Net income after tax was PHP 298,144,000 against PHP 693,755,000 a year ago. Net income attributable to parent equity holders was PHP 298,144,000 or PHP 0.18 per basic and diluted share against PHP 693,755,000 or PHP 0.52 per basic and diluted share a year ago. Net interest income was PHP 3,225,545,000 against PHP 2,563,895,000 a year ago.
For the nine months, the company reported operating revenue of PHP 11,908,597,000 against PHP 10,939,472,000 a year ago. Net income before tax was PHP 1,661,235,000 against PHP 2,097,349,000 a year ago. Net income after tax was PHP 1,305,879,000 against PHP 1,645,964,000 a year ago. Net income attributable to parent equity holders was PHP 1,305,879,000 or PHP 0.98 per basic and diluted share against PHP 1,645,964,000 or PHP 1.45 per basic and diluted share a year ago. Return on equity was 6.5% against 10.9% a year ago. Return on assets was 0.9% against 1.4% a year ago. Net interest income was PHP 9,067,746,000 against PHP 7,347,576,000 a year ago. Net cash provided by operating activities was PHP 2,549,397,000 against net cash used in operating activities of PHP 1,128,939,000 a year ago. Acquisition of property and equipment was PHP 379,430,000 against PHP 644,438,000 a year ago. Acquisition of capitalized software was PHP 116,966,000 against PHP 347,071,000 a year ago.
EastWest Banking Corporation Approves the Resignation of Denise M. Tambuatco as Senior Vice President and Division Head for Bank Marketing
Nov 12 15
EastWest Banking Corporation announced that the Bank's Executive Committee, in its meeting, approved the resignation of Ms. Denise M. Tambuatco, Senior Vice President and Division Head for Bank Marketing, effective October 31, 2015 to pursue other career opportunities.
EastWest Banking Corporation Adds Seven New Branch Stores
Nov 5 15
bolstered its network strength by adding seven new branch stores to raise its nationwide total to 420. The new EastWest branch stores are in Mangaldan and Alaminos, Pangasinan; Sta. Maria, Bulacan; Concepcion. Tarlac; Pallocan, Batangas City; McArthur Highway, Tarlac; and Davao Diversion Road, Davao City. The bank plans to open 20 to 30 new branch stores in 2015 - mostly in tertiary locations, to capitalize on the anticipated economic growth in rural areas.