Earnings during the first quarter bolstered AUB’s return on assets to 2.8 percent, the highest since its initial public offering in 2013.
The bank's net interest margin improved 10 percent to P4 billion, boosting the NIM ratio to 5.2 percent from 4.8 percent last year, thanks to rising interest rates and robust revenues from loans and investments.
The bank’s asset quality improved with a non-performing loans (NPL) ratio of 0.47 percent, leading to an 89 percent decrease in loan loss provisions to P78 million.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
