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Array ( [results] => Array ( [0] => Array ( [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
December 12, 2006 - 12:00am
By Ted P. Torres | December 5, 2006 - 12:00am
Recommended
The Philippines and China have committed to strengthen the fight against transnational crimes as the Marcos administration sustains its campaign to dismantle illegal offshore gambling hubs in the country.
11 hours ago
Seven suspected members of a human trafficking ring said to be organized by Chinese and Russian crime groups were arrested in Quezon City and Parañaque, the National Bureau of Investigation reported on Monday.
11 hours ago
The video images show horrific scenes of torture: in one case, a naked, handcuffed man cowered under a bed as he was electrocuted.
11 hours ago
The Presidential Anti-Organized Crime Commission filed complaints before the Department of Justice against two Chinese citizens in connection with the raided Philippine offshore gaming operator hub in Porac, Pampanga.
15 hours ago
The Office of the Solicitor General will file a quo warranto petition against Bamban, Tarlac Mayor Alice Guo this month.
17 hours ago
Lotto Jul 2, 2024
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SUERTRES - 1 7 7
6D Lotto - 4 8 2 1 6 8
6/42 Lotto - 21 2 30 20 41 3
P12,588,144.00
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Forex
February 12, 2018
- 12:00 am
- 12:00 am
1$ : P51.66