AUB’s 2018 profit jumps by 17%

The Rebisco group's banking arm Asia United Bank (AUB) grew its net profit last year by 17 percent to P3.3 billion as the bank harnessed digital platforms to boost core lending businesses.   The net income of AUB and its subsidiaries translated to a return on equity of 11.8 percent and a return on assets of 1.5 percent for 2018, AUB disclosed to the Philippine Stock Exchange.   AUB president Manuel Gomez attributed the double-digit profit growth to the group's core lending businesses, which remained robust despite the growing competition within and outside the industry. In addition, he said customers were starting to feel the difference in using AUB's innovative dig...Keep on reading: AUB’s 2018 profit jumps by 17%

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