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April 19, 2015 3:45 PM ET

Banks

Company Overview of EastWest Banking Corporation

Company Overview

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 Lending, and Treasury and Trust segments. The company offers personal banking services, such as checking and savings accounts, peso 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; ...

East West Corporate Center

The Beaufort

5th Avenue corner 23rd Street

Fort Bonifacio Global City

Taguig City,  1634

Philippines

Founded in 1994

5,251 Employees

Phone:

63 2 575 3888

Key Executives for EastWest Banking Corporation

EastWest Banking Corporation does not have any Key Executives recorded.

EastWest Banking Corporation Key Developments

EastWest Banking Corporation Announces Audited Consolidated and Parent Earnings Results for the Year Ended December 31, 2014

EastWest Banking Corporation announced audited consolidated and parent earnings results for the year ended December 31, 2014. For the period, on consolidated basis, the company reported total operating income of PHP 14,886,346,000 compared to PHP 13,164,918,000 a year ago. Income before income tax was PHP 2,637,423,000 compared to PHP 2,274,391,000 a year ago. Net income attributable to equity holders of the parent company was PHP 2,073,378,000 compared to PHP 2,055,570,000 a year ago. Basic and diluted earnings per share attributable to equity holders of the parent was PHP 1.84 compared to PHP 1.82 a year ago. Net cash provided by operating activities was PHP 3,353,182,000 compared to PHP 2,312,047,000 a year ago. For the period, on parent basis, the company reported total operating income of PHP 13,817,547,000 compared to PHP 12,556,138,000 a year ago. Net interest income was PHP 9,593,626,000 compared to PHP 8,123,491,000 a year ago. Income before income tax was PHP 2,062,964,000 compared to PHP 2,174,530,000 a year ago. Net income was PHP 1,666,550,000 compared to PHP 1,990,991,000 a year ago. Net cash provided by operating activities was PHP 3,373,609,000 compared to PHP 2,672,074,000 a year ago.

EastWest Banking Corporation Provides Earnings Guidance for the Year 2015

EastWest Banking Corporation provided earnings guidance for the year 2015. For the period, the bank said it targets a PHP 3.15 billion net income this year, up from last year's PHP 2.073 billion result, which is almost flat compared to the PHP 2.056 billion it posted in 2013. The Bank said it hopes to grow its total revenues to PHP 18.692 billion in 2015 as it sees better lending and trading gains. It seeks to generate PHP 13.247 billion in net interest earnings this year and PHP 500 million in securities and trading gains. Its total operating income last year stood at PHP 14.886 billion, up 13% from the preceding year's PHP 13.165 billion.

Metrobank and Eastwest to Expand PHL Branch Networks

Metropolitan Bank & Trust Co. and East West Banking Corp. are looking to build more branches across the country to grow their respective networks and expand their market reach. The Metrobank plans to open about 90 branches over the next three years as part of its expansion plans. Metrobank plans is to open new branches mainly in Luzon and Metro Manila.

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