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                    [ArticleID] => 374677
                    [Title] => AUB income may hit P850M this year
                    [Summary] => 

The Asian United Bank (AUB) has reported a net income of P690 million in the first 10 months of 2006, or 17 percent better than the same period last year.


Original full year 2006 income target was placed at P750 million but bank officials forecast the same to end closer to P800 to P850 million. Net income realized last year was P696 million, and P457 million in 2004.


                    [DatePublished] => 2006-12-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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                    [ArticleID] => 373392
                    [Title] => AUB to upgrade into a universal bank, eyes IPO in 2007
                    [Summary] => 



Asia United Bank (AUB) is planning to upgrade its status from a commercial bank to a universal bank to open up more opportunities for expansion, a top bank official said. 


The Bangko Sentral ng Pilipinas (BSP) is requiring banks to first obtain a universal banking license before they are allowed to venture into other non-allied activities.


At the same time, the BSP is also requiring that a universal bank must sell 10 percent of its shares through an initial public offering (IPO) three to five years after obtaining its universal banking license.


                    [DatePublished] => 2006-12-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

NAZARENO JR.

Array
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    [results] => Array
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                    [ArticleID] => 374677
                    [Title] => AUB income may hit P850M this year
                    [Summary] => 

The Asian United Bank (AUB) has reported a net income of P690 million in the first 10 months of 2006, or 17 percent better than the same period last year.


Original full year 2006 income target was placed at P750 million but bank officials forecast the same to end closer to P800 to P850 million. Net income realized last year was P696 million, and P457 million in 2004.


                    [DatePublished] => 2006-12-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 373392
                    [Title] => AUB to upgrade into a universal bank, eyes IPO in 2007
                    [Summary] => 



Asia United Bank (AUB) is planning to upgrade its status from a commercial bank to a universal bank to open up more opportunities for expansion, a top bank official said. 


The Bangko Sentral ng Pilipinas (BSP) is requiring banks to first obtain a universal banking license before they are allowed to venture into other non-allied activities.


At the same time, the BSP is also requiring that a universal bank must sell 10 percent of its shares through an initial public offering (IPO) three to five years after obtaining its universal banking license.


                    [DatePublished] => 2006-12-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

AUB income may hit P850M this year

December 12, 2006 - 12:00am

The Asian United Bank (AUB) has reported a net income of P690 million in the first 10 months of 2006, or 17 percent better than the same period last year. Original full year 2006 income target was placed at...

Banking

AUB to upgrade into a universal bank, eyes IPO in 2007

By Ted P. Torres | December 5, 2006 - 12:00am

Asia United Bank (AUB) is planning to upgrade its status from a commercial bank to a universal bank to open up more opportunities for expansion, a top bank official said.  The Bangko Sentral ng Pilipinas...

Business