AUB named in The Asian Banker’s list of strongest banks in Asia Pacific

In the recent publication of The Asian Banker Strongest Banks, Asia United Bank (AUB) listed as one of the 500 strongest banks by balance sheet evaluation in the Asia Pacific in 2020, landing 52nd place in the region and 3rd in the Philippines.

The Asian Banker is the leading provider of strategic intelligence in the financial services industry, and has been publishing the Strongest Banks Rankings since 2007 and is considered “the world’s first and credible annual ranking.”

The Strongest Banks Ranking was released by www.theasianbanker.com, and the financial performances of the banks in the Asia Pacific Region were rated through six (6) crucial indicators: (1) Scale of the banks’ assets relative to domestic gross domestic product (GDP), (2) Balance sheet growth of net loans and deposits, (3) Risk management of the banks’ operations, (4) Profitability and sustainability, (5) Strength and credibility of loans disbursed, and (6) Liquidity of assets to meet adverse events requiring cash outflow.

AUB scored highest in capital adequacy ratio, return on asset, cost to income ratio, loan loss reserves and liquid assets.

AUB President Manuel A. Gomez shared, “We are extremely pleased of AUB’s performance vis-a-vis local banks, as well as in the region. It is proof of AUB’s stability and resilience as an institution, and a recognition of the AUBankers’ hard work and commitment, despite the challenges we faced during the pandemic.”

Earlier, AUB made it to the Forbes Asia’s 2020 “Best Under A Billion” list as it was recognized along with 200 top-performing publicly listed companies with less than USD 1 Billion in revenue and consistent top and bottom-line growth.

AUB also received the Best Cash Management Bank - Philippines 2020 award in the Annual Global Business Outlook Awards 2020 for its Cash Management Solution, AUB BizKit.

Asia United Bank started its journey on October 31, 1997, having been one of the few banks granted a full-branch commercial license in 1997. In 2013, AUB joined the league of Philippine banks that have become publicly listed, acquiring universal banking status and continues to fulfill the banking needs of customers through innovative products and services.

Visit this link to view the full list:

The Asian Banker – The Strongest Banks Rankings Asia Pacific https://www.theasianbanker.com/ab500/2018-2019/strongest-banks-asia-pacific