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November 26, 2015 11:50 PM ET


Company Overview of Asiatrust Development Bank, Inc.

Company Overview

As of June 18, 2012, Asiatrust Development Bank, Inc. was acquired by Asia United Bank Corporation. Asiatrust Development Bank, Inc. offers a range of banking and financial services to the small and medium enterprises (SME) in the Philippines. The company’s deposit and investment products include current accounts, savings accounts, time deposits, and treasury products, such as commercial papers, government securities, U.S. dollar denominated bonds, repurchase agreements, and promissory notes. Its cash management solutions include various collection and disbursement solutions. Asiatrust Development Bank, Inc. offers a range of business and consumer loans, including SME business and consumer l...

1424 Quezon Avenue

Quezon City,  1100


Founded in 1960


63 2 373 4101


63 2 373 3431

Key Executives for Asiatrust Development Bank, Inc.

Asiatrust Development Bank, Inc. does not have any Key Executives recorded.

Asiatrust Development Bank, Inc. Key Developments

Asiatrust Development Bank, Inc. Announces Earnings Results for the First Quarter Ended September 30, 2015

Asiatrust Development Bank, Inc. announced earnings results for the first quarter ended September 30, 2015. For the quarter, the company reported operating revenue was PHP 6,698 against PHP 7,157 a year ago. Net loss before tax was PHP 356,399 against PHP 1,671,338 a year ago. Net loss after tax was PHP 356,399 against PHP 1,671,338 a year ago. Basic loss per share was nil against PHP 0.02 a year ago. Net cash used in operating activities was PHP 400,683 against PHP 1,291,259 a year ago. Negative return on average equity was 0.36% against 4.57% a year ago. Negative return on average assets was 0.27% against 3.57% a year ago. Book value per share was PHP 0.96 as of September 30, 2015 against PHP 0.96 as of June 30, 2015.

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