AUB to Raise PhP5B through Unsecured Subordinated Notes Offering

Pasig—(PHStocks)—To increase and strengthen its capital base, publicly listed Asia United Bank (PSE: AUB) will offer to the general public up to PhP5 billion in Tier 2 unsecured subordinated notes from November 4-16, 2015. Issue date will be on November 25, 2015. The net proceeds of the Tier 2 notes will also strengthen AUB’s capital […]
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AUB Receives High Rating

Pasig—(PHStocks)—Asia United Bank Corp. (PSE: AUB) received an issuer rating of PRS Aa (corp.) from Philippine Rating Services Corporation (PhilRatings). An issuer rating is an opinion on the general and overall creditworthiness of the issuer, evaluating its ability to meet all its financial obligations within a time horizon of one year. The focus is on […]
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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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