AUB net income up 23% in 2017

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Asean Affairs March 22, 2018

AUB net income up 23% in 2017

Asia United Bank Corp. (AUB) reported a 23-percent increase in net income last year, driven by higher lending.

In a regulatory filing submitted by corporate planning officer Kristel Guto on Wednesday, AUB reported a net income of P2.8 billion in 2017.

“During the period, total loans increased by 34 percent to P131.1 billion. This enabled the AUB Group to book a net interest income of P6.5 billion, 15 percent higher than in 2016,” it said.

“We are confident that AUB will show accelerated growth on our core lending business as we cater to the needs of corporates and small and medium enterprises,” AUB president Manuel Gomez said.

“We are making headways in the consumer market, particularly in credit cards, salary and pension loans,” he said.

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ASEAN ANALYSIS

This year in Thailand-what next?

AseanAffairs 04 January 2011
By David Swartzentruber

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

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