"A double-digit expansion in its deposit base enabled Asia United Bank (AUB) to grow its total assets by 16% to P336 billion in the first six months of the year compared to P289 billion a year ago. The publicly listed universal bank posted a 22% increase in total deposits to P282 billion from the previous year’s level, fueled mainly by low-cost CASA deposits. On track with AUB’s objective to depend on low-cost funding, CASA deposits accounted for 71% of its deposit base, an improvement from the previous year’s 68% ratio." https://www.linkedin.com/pulse/aub-posts-double-digit-growth-assets-deposits-1st-
Posted 2 years ago
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