AUB net income hits record P8.3B

By Brix Lelis

Feb 06, 2024 12:26 am

ASIA United Bank (AUB) saw its preliminary consolidated net income climb to a 26-year high of P8.3 billion in 2023, up 32 percent from the previous year's P6.3 billion.

The improvement was anchored on 'robust loan growth, a more profitable net interest margin (NIM), continuously improving credit quality, and higher operating efficiency,' AUB President Manuel Gomez said in a statement on Monday.

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