Corporate Profile

Business Development


Asia United Bank Corporation (AUB) is among the very few banks that was granted a full-branch commercial bank license in 1997 and is operating until this day. In 2013, AUB joined the league of Philippine Banks that have become publicly listed and acquired universal banking status.

AUB was registered with the Securities and Exchange Commission (SEC) on October 3, 1997. Its registered office and principal executive offices are located at Joy-Nostalg Center, 17 ADB Avenue, Ortigas Center, Pasig City, Philippines.

AUB was granted the authority to operate as a commercial bank under the Monetary Board (MB) Resolution No. 1149 dated September 3, 1997 and commenced operations on October 31, 1997. In 2012, it obtained approval from the Bangko Sentral ng Pilipinas (BSP) to upgrade its license into expanded commercial banking status. In 2013, the Bank was granted an authority to operate as a universal bank under MB Resolution No. 356 dated February 28, 2013. The universal banking license authorizes, AUB, in addition to its general powers as a commercial bank, to exercise the following: (1) Powers of an investment house, including securities underwriting and trading, loan syndication, financial advisory, private placement of debt and equity securities, project finance and direct equity investment, and (2) Power to invest in allied and non-allied enterprises, subject to regulatory caps on the amount of investment relative to the Bank’s capital and ownership percentage.

AUB began as a joint venture between a consortium of Filipino Industrialists (namely Jacinto L. Ng, Sr., Luis U. Ang and Jose S. Sandejas) and Taiwanese investment banks (namely China United Trust & Investment Corporation and China Development Industrial Bank). As of December 31, 2013, the Bank is now a publicly listed company with three principal/substantial stockholders: Republic Biscuit Corporation, Kuo Yu Philippines Holdings Corporation, and Lambda Holdings Corporation.

To expand its business and distribution network, AUB has three subsidiaries as of December 31, 2022 as shown in the table below:

Subsidiary Principal Activities Country of Incorporation % Ownership
Rural Bank of Angeles Rural Banking Philippines 99.54%
Cavite United Rural Bank Rural Banking Philippines 100.00%
Asia United Leasing and Finance Corp (AULFC) and its 100% subsidiary, Asia United Fleet Leasing and Financing Philippines 39.00%

Over the past three years, AUB has been steadily growing by building a strong and loyal client base through its careful and focused client generation activities and technological innovations for both its deposit-taking and lending businesses.

Consolidated Parent Company
2022 2021 2020 2022 2021 2020
Total Assets (in PhP billions) 340 318 316 337 315 312
% growth 7% 1% 19% 7% 1% 19%
Net Income (in PhP millions) 6,279 4,068 3,028 6,267 4,054 3,142
% growth 54% 34% -32% 55% 34% -29%
Branches* 260 264 270 217 221 228
% growth -2% -2% 1% -2% -3% 1%

*Includes micro-banking offices

In 2020, the group, faced with challenges of Covid-19 pandemic, resulted in a P3.0 billion net income, 32% lower than previous year’s net income of P4.4 billion. The group managed to increase its Net Interest income by 15% from P9.4 billion in 2019 to P10.8 billion in 2020 mainly due to increase in low-cost deposits. The group also increased its non-interest bearing income by 55% from P2.7 billion in 2019 to P4.2 billion in 2020 mainly due to Gain on sale of investment securities at amortized cost.

These increases were offset, however, by the P4.3 billion increase in provision for losses from P1.1 billion in 2019 to P5.4 billion in 2020 due to increased provision in loans portfolio as the bank considered the effect of the pandemic.

In 2021, as the business environment in the country slowly recovered, the group got a P4.1 billion net income, 34% higher than previous year’s net income of P3.0 billion. The group managed to reduce its provision for credit losses to P2.4 billion in 2021 from P5.4 billion in 2020.

In 2022, AUB’s full year 2022 net income soared 54% to P6.3 billion, boosted mainly by increased loan volume, higher margins and improvement on loan loss provisions. Total assets reached P340 billion, reflecting a 7% growth year-on-year, taking off from 2021vs2020 flattish growth of 1%.

To view the company’s annual and quarterly financial disclosures please visit this page:

Mission Vision & Values

Our Vision

We are committed to be the bank of choice, known for financial strength and superior delivery of innovative products and services, driven towards total customer satisfaction.

Our Mission

We shall be guided by our chosen corporate values of Commitment, Integrity, Excellence, Leadership, and Teamwork in:

  • developing long-term partnerships with clients through the delivery of responsive, innovative, and value-added products and services;
  • providing the delivery channels that are relevant to our market to ensure convenience and increase the bank's accessibility;
  • creating a dynamic and meritocratic employee work environment that fosters mutual respect, provides professional and personal growth, and encourages creativity;
  • dealing fairly with business partners; and:
  • ensuring optimum returns for our stockholders.

Directors & Management Team

Board of Directors

Abraham T. Co Chairman & Director
Manuel A. Gomez President & Director
Justice Adolfo S. Azcuna Director
George T. Chua Director
Atty. Lily K. Gruba Director
Jacob C. Ng Chief Transformation Officer, Director, EVP, Head of Branch Banking
Acmad Rizaldy P Moti Independent Director
Atty. Romero Federico S. Quimbo Independent Director
Teresita Ang See Independent Director

Executive Vice Presidents

Antonio V. Agcaoili, Jr.
Jacob C. Ng
Wilfredo E. Rodriguez, Jr.
Ernesto T. Uy

Senior Vice Presidents

Jill Mae J. Ang
Andrew A. Chua
Mariflor L. Cruz
Rosario M. Dayrit
Rainer T. Defante
Florante C. Del Mundo
Leonides F. Intalan
Joselito R. Jacob
Herminia C. Musico
Willy G. Ng
Maria Teresa C. Ogbinar
Cristina O. Pama
Lela S. Quijano
Soledad O. Reyes
Cynthia P. Santos
Amelia S. Sison
Maria Magdalena V. Surtida
Catherine C. Uy
Amelin S. Yao

First Vice Presidents

Edward T. Barretto
Emma Theresa M. Cabochan
Joselito R. Camagong
Leah C. Co
Maria Isabel V. Digioia
Jennifer Joy U. Go
Louie S. Landayan
Zita M. Los Baños
Ma. Bernadette Y. Lozada
Desiree Mae D. Lumanog
Alain A. Lustre
Annette R. Manapil
Rachelle D. Ng
Ana Lina S. Palma
Mary Rose R. Pamaran
Albert T. Reyes
Kristeen Ella M. Reyes
Mimi Tan To Santos
Neil Allen A. Sen
Bienvenido Giancarlo A. Sioson
Christine M. Tan
Karla Andrea M. Ubalde Manuel

Vice Presidents

Ma. Theresa E. Abad
Rachel Louise S. Arnaez
Anna Maria Carmencita L. Bautista
Techie M. Buenaventura
Cindy C. Carreon
Irene T. Ching
Melissa C. Climaco
Dhyndo J. Coronacion
Laidy Claire C. Dela Rosa
Ma. Theresa Lynn Egusquiza
Emily S. Go
Lisette Lachica-Araneta
Myra L. Lavandero
Jahil L. Macapagal
Alejandro Niño Mallari
Orman O. Manansala
Raymund M. Mangahas
Marichie O. Nacion
Eileen C. Ng
Maritess V. Pascual
Ma. Concepcion L. Piscasio
Rhoderick M. Ratio
Rober Christian B. Rodriguez
Jerilee Mae C. Sanidad
Rachelle Solis
Ma. Trinidad O. Songco
Pat Tinga
Gilda Del C. Tiongco
Maribel V. Toriente
Leslie W. Villegas
Emily C. Wong
Maria Victoria B. Yee

Assistant Vice Presidents

Reyna May B. Abangan
Ma. Marilyn V. Ahorro
Ronald T. Alava
Reynaldo B. Alip
Sandra I. Alunan
Von Czar Amora
Elaine Marie T. Ang
Elsa R. Bañez
Marilene Bitancur
Yilin Cai
Emerson L. Capule
Lily Ann M. Chua
Joanna Patricia L. Crisostomo
Maria Loreli C. Crisostomo
Fermin F. De Guzman
Nanette L. De Jesus
Lucita S. Dee
Gladioli C. Diesmos
Samuel S. Dogillo
Robert Frederick P. Dy
Maria Virgina Feliciano
Teresa Socorro S. Feraren
Raymond Joseph G. Fernandez
Reginald Neil P. Garcia
Mary Errlynd Garcia
Emilia Teresa Gatuslao
Theresa D. Gaviola
Ma. Gracia M. Gordo
Reynaldo D. Halasan Jr.
Jonafel E. Infante
Marilyn H. Inigo
Katherine F. Invina
Emelie C. Lao
Daisy V. Laude
Jimpson R. Lim
Shella Marie E. Lipio
Paulo Angelo V. Mariano
Christine Mendoza
Armando K. Milanes
Alfred Paul Paiso
Liwayway D. Palaganas
Maricar Palban
Marianne Kriselle R. Parel
Jayson Pineda
Ling Ling Ponce
Jacquelyn C. Pornel
Rose Ann Ramos
Paulo Rivera
Eduardo Arsenio C. Roldan
Melissa T. Sadang
Mary Genevieve C. Sia
Christine C. Tan
Leia Vernnease Tan
Alyana Erika M. Tan
Baby Annie K. Torres
Rosalie S. Torres
Jocelyn Marie Uson
Ronaldo Y. Villanueva
Katherine R. Villareal
Stephany V. Yu
Jayson Gerard L. Yu

For more information on Asia United Bank's Directors, Executive Vice Presidents and Senior Vice Presidents, kindly refer to the company's Definitive Information Statement (SEC Form 20-IS) submitted to the Securities and Exchange Commission on October 28, 2022, which can be found in the SEC Filings Page under the Company Disclosures sub-tab in the website's Investor Relations tab.

Updated as of February 1, 2023

Organizational Chart

Group Corporate Structure

Shareholding Structure