The bank’s return on equity improved to 21 percent, highlighting its profitability, while total assets expanded 9 percent to P386 billion, reflecting a steady rise in retained earnings and a well-capitalized position.
Its loan portfolio jumped 26 percent to P245.4 billion, while its nonperforming loan ratio dropped to a record low of 0.3 percent, demonstrating stronger asset quality and effective risk management.
Net interest margin widened as interest income climbed, and non-interest income soared 48 percent, boosted by foreign exchange gains, credit card transactions, and digital banking fees.
Management’s view
“We have managed to sustain the growth in our profitability since the pandemic, thanks to our robust core business and digital partnerships,” said AUB president Manuel A. Gomez.
“AUB is able to reach out to many Filipinos, including the unbanked and underserved, to offer digital payment solutions such as our all-in-one digital payment acceptance product AUB PayMate, as well as revolutionize cross-border digital payments through our HelloMoney e-wallet, among others,” he added.
