C08055-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Nov 13, 2023
2. SEC Identification Number
A-1997-18963
3. BIR Tax Identification No.
005-011-651-000
4. Exact name of issuer as specified in its charter
ASIA UNITED BANK CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Joy-Nostalg Center No. 17 ADB Avenue, Ortigas Center, Pasig City Postal Code 1600
8. Issuer's telephone number, including area code
(632) 8633-6888; (632) 8631-3333
9. Former name or former address, if changed since last report
n/a
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
common 485,310,538
11. Indicate the item numbers reported herein
item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Asia United Bank CorporationAUB

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Press Release Key Financial Highlights of Asia United Bank Corporation
Background/Description of the Disclosure

Asia United Bank Corporation will be issuing the attached press release entitled “AUB posts record-high P6.1B net income as of end-Q3”.

The Press release will be based on the following key highlights:

1. Consolidated net income of P6.1 billion, for the first 9- months of the year, this is 32% higher or plus 4.6 billion from a year ago
2. CAGR of 18% in net income, 14% in total Assets, 17% in total loans, 16% in total deposits
3. ROE is at 19.4% versus previous year of 16.4% (year on year).
4. ROA is at 2.5% versus previous year of 1.9% (year on year).
5. Total operating income for the nine months is at P13.3 billion, 21% year on year growth.
6. Net interest income rose by 20%, to P11.2 billion versus the previous year’s same period
7. Non-interest income rose by 27% to P2.1 billion year on year.
8. Total loan volume increased by 7%, to P188.2 billion versus same period from previous year.
9. Net interest margin ratio increased to 4.9% versus last year’s 4.1%.
10. NPL ratio is at 0.67%; provisions recognized year to date totaled to P1.1 billion, 12% higher than same period previous year.
11. Gross NPL is at 2.14%
12. NPL coverage ratio is at 107% versus previous year of 89.1%
13. Total deposits amount to P284.5 billion, 8% higher versus P262.3 Billion same period from previous year.
14. 70.6% of total deposits are low-cost CASA (current account/savings account); Loan deposit ratio is at 66.2%.
15. Operating expense for the nine month period is at P4.8 billion, 12% higher versus previous year.
16. Cost to income ratio is at 35.8%, lower than previous year’s 38.6%.
17. Third quarter (July – Sept. 2023) net income is at P2 Billion, 15% higher than the P1.7 Billion recorded same period previous year.
18. Total Assets increased by 8% to P344 Billion; Total equity increased by 20% to P45.5 Billion
19. Common Equity tier 1 ratio is at 16.12%; Capital adequacy ratio is at 16.77%
Other Relevant Information

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Filed on behalf by:
Name Kristel Azucena
Designation Corporate Planning and Investor Relations Officer