Corporate Profile

Business Development

History

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 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). The Bank became a publicly listed company in 2013. As of December 31, 2024, principal/substantial stockholders include: Kuo Yu Philippines Holdings Corporation, Ciudad Kuvera Investment Corporation, Lambda Holdings Corporation, and Republic Biscuit Corporation.

To expand its business and distribution network, AUB has three subsidiaries as of December 31, 2024 as shown in the table below:

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.

*Includes micro-banking offices

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%.

In 2023, AUB’s full year 2023 net income increased by 32% to P8.2 billion, boosted mainly from the robust loan growth, more profitable net interest margin, continuously improving credit quality and higher operating efficiency, . Total assets reached P350 billion, reflecting a 4% growth year-on-year.

AUB's full year 2024 net income increased by 37% to P11.4 billion, boosted mainly by the loan growth, more profitable net interest margin, continuously improving credit quality and higher operating efficiency. Total assets reached P386 billion, reflecting a 9% growth year-on-year.

To view the company’s annual and quarterly financial disclosures please visit this page: https://www.aub.com.ph/ir/

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