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August 30, 2015 4:59 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 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

The Beaufort

5th Avenue corner 23rd Street

Fort Bonifacio Global City

Taguig City,  1634

Philippines

Founded in 1994

5,595 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 Bank Announces Earnings Results for the First Half of 2015

EastWest Bank announced earnings results for the first half of 2015. For the period, the company saw net interest income grow 22% to PHP 5.8 billion, as a result of the strategic branch store expansion undertaken in the last three years. Net income was PHP 1.0 billion.

EastWest Banking Corporation Approves the Promotion of Eloida Oquialda from First Vice President to Senior Vice President

EastWest Banking Corporation announced that the board's Audit Committee, approved the promotion of Ms. Eloida Oquialda, Chief Audit Executive, from First Vice President to Senior Vice President effective June 1, 2015, subject to the confirmation of the Bangko Sentral ng Pilipinas.

Twelve Banks And Other Financial Institutions Submit Letters Of Intent For Stake In UCPB

Twelve banks and other financial institutions have expressed interest in acquiring government’s majority stake in United Coconut Planters Bank (UCPB). On June 17, 2105, Chief Privatization Officer Toni Angeli V. Coo said that the Privatization and Management Office (PMO) had received 12 letters of intent “from a mix of local and foreign entities, banks and private equity firms” as of June 17, 2016 deadline for submission of letters. He added that “some are listed companies, so they may need to complete their own internal processes in order to finalize their own disclosures, and their decision whether to bid.” Industry sources stated that, among the banks that submitted letters of intent were BDO Unibank, Inc. (PSE:BDO), Bank of the Philippine Islands, Philippine National Bank (PSE:PNB), Rizal Commercial Banking Corporation (PSE:RCB), Mitsubishi UFJ Financial Group, Inc. (TSE: 8306) and Robinsons Bank Corporation., as well as at least four foreign entities from Japan, Malaysia and Taiwan. According to previous reports, China Banking Corporation (PSE:CHIB), EastWest Banking Corporation (PSE:EW), Security Bank Corp. (OTCPK:SBK.Q) and UnionBank of the Philippines (PSE:UBP) had also expressed interest in participate in the bidding. The stake sale is expected to be concluded by September 2015. The transaction would require the winning bidder to recapitalize the bank in the amount of at least PHP 15 billion through subscription to up to 37.2 billion primary common shares of UCPB.

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