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.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

PSEi seen hitting 8,000 level in 2025

Enrollment growth boosts STI Q1 profit

URC snack units' dissolution OKd

SFA Semicon eyes delisting on Dec. 12

Strong revenues boost NLEX income to P8.7B

Italpinas raises P188M from strategic investor

PH, German companies boost partnership