Asia United Bank

Asia United Bank (AUB)

A branch in Antipolo, Rizal
Traded as	PSE: AUB
Industry	Financial services
Founded	October 31, 1997; 24 years ago (October 31, 1997)
Headquarters	Joy Nostalg Center, No. 17 ADB Avenue, Ortigas Center, Pasig , Philippines
Key people	Jacinto L. Ng (Chairman Emeritus) Abraham T. Co (Chairman) Manuel A. Gomez (President)
Services	Banking
Revenue	₱15.07B(2020)
Operating income	₱3.86B(2020)
Net income	₱3.03B(2020)
AUM	₱241.9B(2020)
Total assets	₱315,56B(2020)
Total equity	₱35.23B(2020)
Owner	Jacinto Ng
Subsidiaries	Cavite United Rural Bank Rural Bank of Angeles in Pampanga Asia United Leasing & Finance Corp RediMoney Express PTE Ltd
Website	www.aub.com.ph

Asia United Bank Corporation (AUB) is among the very few banks that was granted a full-branch commercial bank license in 1997 and is operating until this day. In 2013, AUB joined the league of Philippine Banks that have become publicly listed and acquired universal banking status.

AUB was registered with the Securities and Exchange Commission (SEC) on October 3, 1997. Its registered office and principal executive offices are located at Joy-Nostalg Center, 17 ADB Avenue, Ortigas Center, Pasig City, Philippines.^[1]

AUB was granted the authority to operate as a commercial bank under the Monetary Board (MB) Resolution No. 1149 dated September 3, 1997 and commenced operations on October 31, 1997. In 2012, it obtained approval from the Bangko Sentral ng Pilipinas (BSP) to upgrade its license into expanded commercial banking status. In 2013, the bank was granted an authority to operate as a universal bank under MB Resolution No. 356 dated February 28, 2013. The universal banking license authorizes, AUB, in addition to its general powers as a commercial bank, to exercise the following: (1) Powers of an investment house, including securities underwriting and trading, loan syndication, financial advisory, private placement of debt and equity securities, project finance and direct equity investment, and (2) Power to invest in allied and non-allied enterprises, subject to regulatory caps on the amount of investment relative to the bank's capital and ownership percentage.^[2]

See also[]

Wikimedia Commons has media related to Asia United Bank.

• List of banks in the Philippines
• BancNet

References[]

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