AUB’s 1H Net Incomet Up 7.6% to PhP879.5M

Manila—(PHStocks)—Asia United Bank (AUB) and its subsidiaries posted a net income of P879.5 million for the first six months of the year, a 7.6% increase from the same period in 2013. AUB’s interest income from loans rose 34.5% aided by a strong loan growth of 58.8%. Net interest margin was maintained at 4.35%. Related Articles:PSE […]
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PSE 2013 Net Income Up 35%

Makati—(PHStocks)—The Philippine Stock Exchange Inc. (PSE: PSE) has posted a net income of PhP844.8 million for 2013, up by 35.1 percent to from PhP625.3 million in 2012 due to higher listing and trading related income. “The significant growth in our revenues and income highlights the resilience of the company amidst the volatilities experienced by the market arising […]
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AUB Rural Bank Arm Gets MB Nod

Pasig—(PHStocks)—The Monetary Board has approved in principle the application of Rural Bank of Angeles (RBA), a subsidiary of publicly listed Asia United Bank Corp. (PSE: AUB), to acquire the banking business of the Cooperative Bank of Pampanga (CBP). CBP, which started operations in 1977, has 204 member cooperatives in various locations, including Pampanga, Cabanatuan and […]
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PH Stocks Suffer Further Sell-off

Manila—(PHStocks)—Philippine stocks plunged further Wednesday, 28 August, as investors continue to unload their holdings. The mainboard Philippine Stock Exchange index (PSEi) closed today’s trading at 5,738.06, down by 3.02% or -178.93 points amid continued pessimism in global markets. This figure, however, is an improvement from an intraday loss of 354.86 points. All counters remained in […]
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PH Stocks Slide Back to 5,900 Territory

Manila—(PHStocks)—Philippine stocks suffered a beating Tuesday, 27 August, as investor unload their shares amid bearish outlook in global markets. The benchmark Philippine Stock Exchange index (PSEi) dropped by 3.96% or 244.22 points to close the day’s trading at 5,916.99, weighed down by investors’ uncertainty over the continuing guessing game on whether or not the US […]
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