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Asia United Bank

Asia United Bank's net profit rose 72.1% yoy to PHP 1,223 mil in 3Q2019

By Helgi Library - February 20, 2020

Asia United Bank made a net profit of PHP 1,223 mil under revenues of PHP 3,224 mil in the third quarter of 2019, up 72.1% and ...

Asia United Bank's customer deposits rose 7.84% yoy to PHP 121,484 mil in 3Q2016

By Helgi Library - February 20, 2020

Asia United Bank's customer deposits reached PHP 121,484 mil in 2016-09-30, up 0.774% compared to the previous year. Filipino b...

Asia United Bank's capital adequacy ratio rose 21.6% yoy to 17.8% in 3Q2019

By Helgi Library - February 20, 2020

Asia United Bank's capital adequacy ratio reached 17.8% at the end of third quarter of 2019, up from 16.7% when compared to the p...

Profit Statement Mar 2019 Jun 2019 Sep 2019
Net Interest Income PHP mil 2,170 2,281 2,457
Net Fee Income PHP mil 200 202 272
Other Income PHP mil 358 772 496
Total Revenues PHP mil 2,728 3,255 3,224
Staff Cost PHP mil 388 421 460
Operating Profit PHP mil 1,457 1,859 1,787
Provisions PHP mil 146 174 373
Net Profit PHP mil 1,102 1,461 1,223
Balance Sheet Mar 2019 Jun 2019 Sep 2019
Interbank Loans PHP mil 2,632 8,426 4,046
Customer Loans PHP mil 153,860 159,605 158,605
Total Assets PHP mil 234,032 251,672 271,237
Shareholders' Equity PHP mil 31,217 31,577 32,814
Interbank Borrowing PHP mil 5,236 4,326 3,538
Customer Deposits PHP mil 186,895 203,114 222,874
Issued Debt Securities PHP mil 4,971 4,971 4,976
Ratios Mar 2019 Jun 2019 Sep 2019
ROE % 14.6 18.6 15.2
ROA % 1.87 2.41 1.87
Costs (As % Of Assets) % 2.16 2.30 2.20
Costs (As % Of Income) % 46.6 42.9 44.6
Capital Adequacy Ratio % 15.8 16.7 17.8
Net Interest Margin % 3.68 3.76 3.76
Loans (As % Of Deposits) % 82.3 78.6 71.2
NPLs (As % Of Loans) % ... ... ...
Provisions (As % Of NPLs) % ... ... ...
Valuation Mar 2019 Jun 2019 Sep 2019
Price/Earnings (P/E) 6.46 4.85 5.56
Price/Book Value (P/BV) 0.912 0.898 0.828
Dividend Yield % 0 1.37 0
Earnings Per Share (EPS) PHP 9.08 12.0 10.1
Book Value Per Share PHP 64.3 65.1 67.6
Dividend Per Share PHP 0 0.800 0

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summary Unit Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
income statement                                                      
Net Interest Income PHP mil                                         1,682 1,876 2,000 3,419 2,170    
Total Revenues PHP mil                                         2,250 2,282 2,367 3,789 2,728    
Operating Profit PHP mil                                         1,155 1,167 1,169 1,386 1,457    
Net Profit PHP mil                                         793 764 711 1,043 1,102    
balance sheet                                                      
Interbank Loans PHP mil                                         3,654 3,798 8,359 6,360 2,632    
Customer Loans PHP mil                                         129,616 135,189 146,150 1,624 153,860    
Debt Securities PHP mil                                         39,126 34,489 37,665 37,321 40,017    
Total Assets PHP mil                                         207,365 209,461 230,275 237,643 234,032    
Shareholders' Equity PHP mil                                         27,621 26,915 27,692 29,216 31,217    
Interbank Borrowing PHP mil                                         3,236 3,262 3,115 4,922 5,236    
Customer Deposits PHP mil                                         166,463 169,042 188,741 193,084 186,895    
Issued Debt Securities PHP mil                                         4,968 4,968 4,968 4,971 4,971    
ratios                                                      
ROE % ...                                       11.7 11.2 10.4 14.7 14.6    
ROA % ...                                       1.56 1.47 1.29 1.78 1.87    
Costs (As % Of Assets) % ...                                       2.15 2.14 2.18 4.11 2.16    
Costs (As % Of Income) %                                         48.7 48.8 50.6 63.4 46.6    
Capital Adequacy Ratio % ... ...                                     16.7 15.3 14.7 15.1 15.8    
Net Interest Margin % ...                                       3.30 3.60 3.64 5.85 3.68    
Interest Income (As % Of Revenues) %                                         74.7 82.2 84.5 90.2 79.5    
Fee Income (As % Of Revenues) %                                         6.40 7.32 7.37 6.90 7.34    
Staff Cost (As % Of Total Cost) %                                         32.7 33.7 33.4 15.6 30.5    
Equity (As % Of Assets) %                                         13.3 12.8 12.0 12.3 13.3    
Loans (As % Of Deposits) %                                         77.9 80.0 77.4 0.841 82.3    
Loans (As % Assets) %                                         62.5 64.5 63.5 0.684 65.7    
NPLs (As % Of Loans) % ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 60.1 ... ... ...
Provisions (As % Of NPLs) % ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 84.1 ... ... ...
valuation                                                      
Market Capitalisation (End Of Period) USD mil ...                                       555 541 532 549 540    
Number Of Shares (Average) mil                                         485 485 485 485 485    
Share Price (End Of Period) PHP ...                                       59.7 59.5 59.2 59.3 58.7    
Earnings Per Share (EPS) PHP                                         6.54 6.29 5.86 8.59 9.08    
Book Value Per Share PHP                                         56.9 55.5 57.1 60.2 64.3    
Dividend Per Share PHP ... ... ...                                   0 0.600 0 1.00 0    
Price/Earnings (P/E) ...                                       9.13 9.45 10.1 6.90 6.46    
Price/Book Value (P/BV) ...                                       1.05 1.07 1.04 0.985 0.912    
Dividend Yield % ... ... ...                                   0 1.01 0 1.69 0    
Earnings Per Share Growth % ... ... ... ...                                 22.3 14.3 -15.9 73.6 38.9    
Book Value Per Share Growth % ... ... ... ...                                 12.7 6.60 3.67 8.86 13.0    
income statement Unit Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
income statement                                                      
Interest Income PHP mil                                         2,268 2,486 2,751 4,393 3,367    
Interest Cost PHP mil                                         586 611 750 974 1,197    
Net Interest Income PHP mil                                         1,682 1,876 2,000 3,419 2,170    
Net Fee Income PHP mil                                         144 167 174 261 200    
Other Income PHP mil                                         425 239 193 108 358    
Total Revenues PHP mil                                         2,250 2,282 2,367 3,789 2,728    
Staff Cost PHP mil                                         358 376 401 375 388    
Depreciation PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 109 98.9 106 75.2 94.2    
Other Cost PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 629 640 692 1,952 789    
Operating Cost PHP mil                                         1,096 1,115 1,199 2,403 1,271    
Operating Profit PHP mil                                         1,155 1,167 1,169 1,386 1,457    
Provisions PHP mil                                         99.1 165 234 298 146    
Extra and Other Cost PHP mil                                         94.6 24.9 28.9 -75.4 4.43    
Pre-Tax Profit PHP mil                                         961 977 905 1,163 1,306    
Tax PHP mil                                         164 206 195 156 205    
Minorities PHP mil                                         4.57 7.80 ... -36.1 ... ... ...
Net Profit PHP mil                                         793 764 711 1,043 1,102    
Dividends PHP mil ... ... ...                                   0 291 0 776 0    
growth rates                                                      
Net Interest Income Growth % ... ... ... ...                                 9.09 15.3 21.9 99.5 29.1    
Net Fee Income Growth % ... ... ... ...                                 -10.9 -10.0 5.28 -2.38 39.2    
Total Revenue Growth % ... ... ... ...                                 18.8 13.1 6.74 66.3 21.2    
Operating Cost Growth % ... ... ... ...                                 9.87 10.9 16.1 99.9 16.0    
Operating Profit Growth % ... ... ... ...                                 28.7 15.2 -1.40 28.7 26.2    
Pre-Tax Profit Growth % ... ... ... ...                                 22.3 16.2 -10.0 64.4 35.9    
Net Profit Growth % ... ... ... ...                                 22.3 14.3 -15.9 73.5 38.9    
market share                                                      
Market Share in Revenues %                               ... ... ... ... ... ... ... ... ... ... ... ...
Market Share in Net Profit %                               ... ... ... ... ... ... ... ... ... ... ... ...
balance sheet Unit Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
balance sheet                                                      
Cash PHP mil                                         29,118 30,214 32,404 32,777 32,121    
Interbank Loans PHP mil                                         3,654 3,798 8,359 6,360 2,632    
Customer Loans PHP mil                                         129,616 135,189 146,150 1,624 153,860    
Retail Loans PHP mil ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 495 ... ... ...
Corporate Loans PHP mil ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 2,054 ... ... ...
Debt Securities PHP mil                                         39,126 34,489 37,665 37,321 40,017    
Fixed Assets PHP mil                                         1,153 1,120 1,080 1,077 1,021    
Total Assets PHP mil                                         207,365 209,461 230,275 237,643 234,032    
Shareholders' Equity PHP mil                                         27,621 26,915 27,692 29,216 31,217    
Of Which Minority Interest PHP mil                                         193 196 194 145 142    
Liabilities PHP mil                                         179,745 182,545 202,582 208,426 202,815    
Interbank Borrowing PHP mil                                         3,236 3,262 3,115 4,922 5,236    
Customer Deposits PHP mil                                         166,463 169,042 188,741 193,084 186,895    
Sight Deposits PHP mil                                         80,442 82,812 79,420 74,482 77,526    
Term Deposits PHP mil                                         85,122 85,329 108,421 117,701 109,369    
Issued Debt Securities PHP mil                                         4,968 4,968 4,968 4,971 4,971    
Other Liabilities PHP mil ... ... ... ... ... ... ... ... ... ... ... ...       ...       ... 4,968 4,968 4,968 ... 4,971    
asset quality                                                      
Non-Performing Loans PHP mil ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 1,973 ... ... ...
Gross Loans PHP mil   ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 3,283 ... ... ...
Total Provisions PHP mil   ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 1,659 ... ... ...
growth rates                                                      
Customer Loan Growth % ... ... ... ...                                 29.2 25.8 25.8 -98.7 18.7    
Retail Loan Growth % ... ... ... ... ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... -97.3 ... ... ...
Corporate Loan Growth % ... ... ... ... ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... -98.1 ... ... ...
Total Asset Growth % ... ... ... ...                                 19.8 10.9 16.3 18.9 12.9    
Shareholders' Equity Growth % ... ... ... ...                                 12.7 6.60 3.67 8.86 13.0    
Customer Deposit Growth % ... ... ... ...                                 22.6 11.8 19.0 21.1 12.3    
market share                                                      
Market Share in Customer Loans %                               ... ... ... ... ... ... ... ... ... ... ... ...
Market Share in Corporate Loans % ... ... ...   ... ... ...   ... ... ...   ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Market Share in Total Assets %                               ... ... ... ... ... ... ... ... ... ... ... ...
Market Share in Customer Deposits %                               ... ... ... ... ... ... ... ... ... ... ... ...
ratios Unit Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
ratios                                                      
ROE % ...                                       11.7 11.2 10.4 14.7 14.6    
ROA % ...                                       1.56 1.47 1.29 1.78 1.87    
Costs (As % Of Assets) % ...                                       2.15 2.14 2.18 4.11 2.16    
Costs (As % Of Income) %                                         48.7 48.8 50.6 63.4 46.6    
Capital Adequacy Ratio % ... ...                                     16.7 15.3 14.7 15.1 15.8    
Tier 1 Ratio % ... ... ...                                   13.1 11.9 11.5 12.1 12.7    
Net Interest Margin % ...                                       3.30 3.60 3.64 5.85 3.68    
Interest Spread % ...                                       3.13 3.42 3.45 5.61 3.38    
Asset Yield % ...                                       4.45 4.77 5.00 7.51 5.71    
Cost Of Liabilities % ...                                       1.33 1.35 1.56 1.90 2.33    
Payout Ratio % ... ... ... ... ... ...                             27.3 34.4 27.4 39.7 24.2    
Interest Income (As % Of Revenues) %                                         74.7 82.2 84.5 90.2 79.5    
Fee Income (As % Of Revenues) %                                         6.40 7.32 7.37 6.90 7.34    
Other Income (As % Of Revenues) %                                         18.9 10.5 8.14 2.86 13.1    
Cost Per Employee USD per month ... ... ...     ... ...       ...       ...       ...   1,036 1,035 ... ... 969   ...
Cost Per Employee (Local Currency) PHP per month ... ... ...     ... ...       ...       ...       ...   52,919 54,719 ... ... 51,142   ...
Staff Cost (As % Of Total Cost) %                                         32.7 33.7 33.4 15.6 30.5    
Equity (As % Of Assets) %                                         13.3 12.8 12.0 12.3 13.3    
Loans (As % Of Deposits) %                                         77.9 80.0 77.4 0.841 82.3    
Loans (As % Assets) %                                         62.5 64.5 63.5 0.684 65.7    
NPLs (As % Of Loans) % ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 60.1 ... ... ...
Provisions (As % Of NPLs) % ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 84.1 ... ... ...
Provisions (As % Of Loans) %   ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ...   ... ... ... 102 ... ... ...
Cost of Provisions (As % Of Loans) % ...                                       0.311 0.498 0.667 1.61 0.752    
other data Unit Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
other data                                                      
Branches ... ...                                     255 255 258 ... 260    
Employees ... ... ...     ... ...       ...       ...       ...   2,254 2,289 ... ... 2,527   ...
ATMs ... ... ... ... ... ... ... ... ... ... ... ... ...   ... ...       ... 219 217 218 ... 215    
Sight (As % Of Customer Deposits) %                                         48.3 49.0 42.1 38.6 41.5    
Risk-Weighted Assets PHP mil ... ... ...                                   177,423 188,017 200,023 202,637 203,344    
Return on Loans % ...                                       2.28 2.27 2.04 4.48 4.65    
Operating Profit (As % of Loans) % ... ... ...                                   3.48 3.46 3.25 6.60 6.66    
Costs (As % Of Loans) % ...                                       3.62 3.51 3.44 5.63 5.48    
Equity (As % Of Loans) %                                         21.3 19.9 18.9 1,798 20.3    

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Asia United Bank's net interest margin rose 3.30% yoy to 3.76% in 3Q2019

By Helgi Library - February 21, 2020

Asia United Bank's net interest margin amounted to 3.76% in the third quarter of 2019, up from 3.76% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 5.85% in 4Q2018 and an all time low of 3...

Asia United Bank's price/earnings (P/E) fell 45.0% yoy to 5.56 in 3Q2019

By Helgi Library - February 20, 2020

Asia United Bank stock traded at PHP 56.0 per share at the end third quarter of 2019 implying a market capitalization of USD 524 mil. Since the end of 3Q2014, the stock has appreciated by 12.2 % implying an annual average growth of 2.32 %. In absolute terms, the value...

Asia United Bank's market capitalisation (end of period) fell 1.47% yoy to USD 524 mil in 3Q2019

By Helgi Library - February 20, 2020

Asia United Bank stock traded at PHP 56.0 per share at the end of third quarter of 2019 implying a market capitalization of USD 524 mil. Over the last five years, the stock has appreciated by 12.2 implying an annual average growth of 2.32% In absolute ter...

Asia United Bank's net interest income rose 22.8% yoy to PHP 2,457 mil in 3Q2019

By Helgi Library - February 20, 2020

Asia United Bank generated total banking revenues of PHP 3,224 mil in the third quarter of 2019, up 36.2% when compared to the same period of last year and down 0.944% when compared to the previous quarter. Historically, the bank’s revenues contai...

Asia United Bank's share price (end of period) fell 5.41% yoy to PHP 56.0 in 3Q2019

By Helgi Library - February 20, 2020

Asia United Bank stock traded at PHP 56.0 per share at the end of third quarter of 2019 implying a market capitalization of USD 524 mil. Over the last five years, the stock has appreciated by 12.2 % implying an annual average growth of 2.32 %. In absolute terms, the v...

Asia United Bank's equity (as % of assets) rose 0.599% yoy to 12.1% in 3Q2019

By Helgi Library - February 20, 2020

Asia United Bank's Equity reached 12.1% of total assets in the 3Q2019, up from 12.0% for the previous year. As a share of net customer loans, the ratio amounted to 20.7% at the end of the third quarter of 2019. ...

Asia United Bank's customer loan growth fell 66.9% yoy to 8.52% in 3Q2019

By Helgi Library - February 20, 2020

Asia United Bank's customer loan growth reached 8.52% in 2019-09-30, down from 25.8% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 66.2% in 2014-12-31 and an all time low of -98.7% in 2018-12-31. In the l...

Asia United Bank's employees rose 17.4% yoy to 2,688 in 2Q2019

By Helgi Library - February 20, 2020

Asia United Bank employed 2,688 persons in 2019-06-30, up 6.37% when compared to the previous year. Historically, the bank's workforce hit an all time high of 2,688 persons in 2019-06-30 and an all time low of 1,772 in 2013-12-31. Average cost reached USD 1,002 pe...

Asia United Bank's branches rose 5.10% yoy to 268 in 2Q2019

By Helgi Library - February 20, 2020

Asia United Bank employed 2,688 persons in 2019-06-30, up 6.37% compared to the previous year. Historically, the bank's workforce hit an all time high of 2,688 persons in 2019-06-30 and an all time low of 2,196 in 2016-06-30. The bank operated a network of ...

Asia United Bank's costs (as % of assets) rose 7.48% yoy to 2.30% in 2Q2019

By Helgi Library - February 21, 2020

Asia United Bank's cost to income ratio reached 42.9% in the second quarter of 2019, down from 46.6% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 70.6% of income in 1Q2014 and an all time low of 42.9% in 2...

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