AUB senior vice president and head of trust Andrew Chua noted that the US Federal Reserve’s hawkish monetary policy will keep rates elevated, making dollar-denominated investments more attractive.
Asia United Bank (AUB) delivered a 36-percent surge in net income to P11.3 billion in 2024, fueled by strong loan growth and a sharp reduction in loan loss provisions.
Asia United Bank (AUB) posted a record-high net income of P8.6 billion in the first nine months of the year, up 41 percent from the previous year and surpassing its full-year 2023 income.
The Ng familys’ Asia United Bank (AUB) and its subsidiaries achieved record-setting profitability in the first three months of the year, reporting a 16 percent jump in consolidated net income to P2.3 billion.