Listed Asia United Bank (AUB) said huge loan loss reserves pulled down its net profit by double digit in the first quarter of the year.

In a disclosure on Friday, the universal bank reported a P736-million net income during the period, a 38-percent plunge from the P1.2 billion a year ago.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details