AUB net income grows 44% in H1

ASIA United Bank (AUB) and its subsidiaries posted a consolidated net income of P1.23 billion for the first six months of 2016, up 44 percent from the same period last year, on the back of strong gains from its lending and trading activities.

For the second quarter alone, AUB’s net income reached P658 million, 62.9 percent higher than the P403.86 million recorded a year earlier and 14.8 percent higher than the previous quarter’s net profit of P572.9 million.