AUB's 2017 net income up by 23%

ASIA United Bank (AUB) and its subsidiaries ended 2017 with P2.8 billion net income, 23 percent higher than a year ago.

This is consistent with the 21 percent growth in total assets to nearly P200 billion and the 23 percent growth of total deposits to P159 billion.

AUB opened 10 additional branches, bringing its network nationwide to 249 branches.

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. (PR)

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