Announcements


  • AUB on track to beat pre-pandemic performance

    Asia United Bank (AUB) and its subsidiaries posted a consolidated net income of P2.9 billion in the first half of the year, 50% higher than the P1.9 billion recorded in the same period in 2021. The group attributed its stellar performance to higher total operating income and lower provision for credit and impairment losses.

    "We remain on track with our target to return to our pre-pandemic net income performance of P4.4 billion, especially as the economy gradually reopens," said AUB president Manuel A. Gomez.

    The Group's net income translated to a Return on Assets of 1.8% and a Return on Equity of 15.8% from 1.2% and 11.0%, respectively, in 2021. "We are pleased to note that these profitability ratios are among the highest, if not the best, in the industry, as far as published reports of other publicly listed banks go," Mr. Gomez added.

    The group's total operating income increased by 12% to P6.9 billion as of June 30 from P6.1 billion a year ago, boosted by higher net interest income and other operating income.

    Net interest income rose by 8% to P5.8 billion from P5.4 billion in same period last year due to an increase in interest income and lower interest expense. Interest income from loans and receivables remained flattish at P5 billion while interest income from trading and investment securities grew 56%, year-on-year.

    The group generated a P23-billion increase in low-cost current account/savings account (CASA) deposits which reached P222 billion as of June 30, 2022. This led to a CASA-to-total deposits ratio of 84% from 71% in the same period in 2021. Coupled with the retirement of high-cost deposits, this drove down the group's interest expense by 20% to P742 million from P922 million during the first half of 2021.

    Improved trading and foreign exchange gains and an increase in transaction fee income led to a 42% rise in the group's non-interest bearing income to P1.1 billion from P743 million.

    Better asset quality led to a further reduction in non-performing loans (NPL) ratio to 1.8% from 2.0%. This allowed the group to set aside lower provision for credit and impairment losses by 43% to P511 million from P897 million in the same period last year. The group also continues to efficiently manage its cost, with operational expenses flat at P2.7 billion, resulting to a cost-to-income ratio of 40.0% from 45.0% a year ago.

    AUB remains as one of the top 20 banks in the Philippines with an asset size of P319.7 billion as of June 30.

  • Fulfill your banking needs with AUB

    Explore more features to make your banking experience more convenient

    BUY LOAD

    Easily purchase airtime loads for your mobile and internet usages. Also available is the loading for your Meralco Prepaid Electricity Service.

    ENROLL ACCOUNT

    Have more control in managing your accounts with Enroll and Unenroll features.

    EDIT ACCOUNT ALIAS

    Experience better account management by assigning Account Aliases to your Preferred Accounts.

    QR TRANSACTIONS

    Enjoy cashless convenience with AUB. Scan QR codes to send and receive money to and from AUB or other bank accounts. You may also scan a QR to pay any AUB PayMate and QR Ph Merchant.

    Download the AUB Mobile App via App Store, Google Play and Huawei AppGallery.

  • AUB net income in Q1 2022 jumps 79%

    Asia United Bank (AUB) solidified its position as the country's fastest-growing publicly listed universal bank after posting a consolidated net income of P1.3 billion in the first three months of 2022, 78.8% higher than P736.0 million in the same period in 2021.

    "Our financial performance was aided by the gradual easing of lockdown restrictions, the continuous rollout of vaccines and booster shots by the government, and the overall improvement in the business climate," said AUB President Manuel A. Gomez. "We expect 2022 to be a better year if we continue our hard work, agility to respond to evolving challenges in our operating environment, and vigilance against the emerging variants of COVID-19."

    The group's net income translated to a Return on Assets of 1.7% and Return on Equity of 14.3% versus year-ago ratios of 1.0% and 8.5%, respectively.

    In the first quarter of 2022, the Bank and its three subsidiaries posted a consolidated total operating income of P3.3 billion, 15.7% higher than year-ago's P2.9 billion.

    Total assets remained flat at P313.9 billion during the period, as loans and receivables stood at P167.4 billion in the first quarter, 2.6% higher versus the same period last year. Low-cost deposits (CASA) grew by 13.1% to P216 billion versus P190.9 billion, year-on-year, accounting for 83.4% of total deposits of P258.9 billion.

    Amidst the increasing cost of doing business and improving operational efficiency, AUB managed to keep a lid on its total operating expenses, which fell by 12.2% to P1.7 billion during the period. This also reflected lower loan loss provision after setting aside a significant buffer in 2020 to cover the credit risk brought about by the pandemic. The group continued to manage cost effectively with a lower-than-industry cost-to-income ratio of 41.7% for the first quarter of 2022, an improvement from 42.4% for full-year 2021.

    Thanks to improving business and consumer confidence that gave its core business a boost, the Bank was also able to breach its end-2021 target of P4 billion, with a consolidated net income of P4.1 billion in 2021, 34% higher than P3.0 billion in end-2020. This made AUB inch closer to its pre-pandemic performance of P4.4 billion in 2019.

    The group's total operating income decreased by 14% to P13.0 billion due mainly to the P2.4-billion decrease in gains on trading and securities and sale of investment securities at amortized cost. This translated to a net interest margin ratio of 3.6%.

    The group's net income for end-2021 translated to a Return on Assets of 1.3% and a Return on Equity of 11.1% coming from year-ago's 1.0% and 8.9%, respectively.

    While overall consumer confidence remained low, AUB was able to recover from its 2020 performance and posted a 3% growth in total loans and receivables, to P173.8 billion in 2021 from P168.8 billion in 2020. CASA deposits, however, bounced back much stronger, rising 20% to P218.86 billion from P182.17 billion, year-on-year, and was among the highest growth in the industry.

    "With the economy starting to open up, we expect credit quality to improve as well as better opportunities for deposit taking and lending. However, we continue to be watchful of developments such as the geopolitical tension in Europe, the rising inflation in the U.S., as well as the outcome of our national elections, which could affect the overall outlook on the Philippines," Mr. Gomez said.

  • AUB on track with P4-B net income target for 2021

    Asia United Bank (AUB) expects to meet its consolidated net income target of P4 billion this year as improving business and consumer confidence boosts its core business. This is 30% higher than the group's net income of P3 billion in 2020.

    "We projected that 2021 will be a better year and we are on track with our targets so far. The easing of lockdown restrictions, the continuous vaccine rollouts by the government, and the improvement in the business climate should all bode well for the bank's commercial and consumer lending businesses," said AUB President Manuel A. Gomez.

    In the first nine months of the year, the publicly listed universal bank and its four subsidiaries posted a consolidated net income of P2.9 billion versus P3.8 billion in the same period a year ago. While gains from trading and securities declined by P2.4 billion, this was partially offset by a P1.6-billion decrease in provision for losses.

    The Group's net income translated to a Return on Assets of 1.3% and Return on Equity of 10.8% versus year-ago ratios of 1.8% and 14.6%, respectively

    Its total assets increased by 9% to P317 billion as of end-September from P291 billion year-on-year. Total loans remained flat at P165 billion while total deposits grew by 13% to P262 billion during the period. As both the banking industry and consumers remained cautious in the third quarter, overall loan appetite remained weak. This was mirrored in AUB's consolidated net interest income from loans and receivables which decreased by 11% to P8 billion as of end-September from year-ago.

    AUB managed to keep its operating expenses down by 25% to P5.5 billion during the period on lower loan loss provision after setting aside a significant buffer last year to cover the credit risk brought about by the pandemic.

    "We anticipate credit quality to continue to improve as the economy opens up so our loan loss provision should be sufficient for the year. We also see better trading opportunities and stable operating expenses as the monetary policy stance remains accommodative to support the economy's full recovery," Mr. Gomez said.

  • Make QR Ph transactions via AUB's Mobile Banking App

    The Asia United Bank (AUB) Mobile App can be used for cashless transactions via QR to other banks, e-wallets and merchants using the National QR Code Standard - QR Ph. AUB is one of the pilot participants in the roll-out of BSP's Person-to-Person (P2P) and Person-to-Merchant (P2M) digital payments.

    QR Ph is the national QR code standard that aims to unify multiple QR payment services into one interoperable ecosystem. This will allow users to easily perform contactless transactions via QR with participating banks, e-wallets and merchants using a single QR Code.

    Person-to-Person (P2P)

    Transfer funds to other Banks and e-wallets* or Receive Funds by scanning the QR Ph Code.

    Person-to-Merchant (P2M)

    Make fast and convenient QR Payments by scanning the Merchants' QR Ph Code.

    *This feature is available for QR Ph participating Banks and e-wallets.

    Experience faster, easier, secure, and more convenient digital transactions. Enroll your Preferred Accounts to AUB's Mobile Banking today.