Corporate Profile

Business Development


Asia United Bank Corporation (AUB) is among the very few banks that was granted a full-branch commercial bank license in 1997 and is operating until this day. In 2013, AUB joined the league of Philippine Banks that have become publicly listed and acquired universal banking status.

AUB was registered with the Securities and Exchange Commission (SEC) on October 3, 1997. Its registered office and principal executive offices are located at Joy-Nostalg Center, 17 ADB Avenue, Ortigas Center, Pasig City, Philippines.

AUB was granted the authority to operate as a commercial bank under the Monetary Board (MB) Resolution No. 1149 dated September 3, 1997 and commenced operations on October 31, 1997. In 2012, it obtained approval from the Bangko Sentral ng Pilipinas (BSP) to upgrade its license into expanded commercial banking status. In 2013, the Bank was granted authority to operate as a universal bank under MB Resolution No. 356 dated February 28, 2013. The universal banking license authorizes, AUB, in addition to its general powers as a commercial bank, to exercise the following: (1) Powers of an investment house, including securities underwriting and trading, loan syndication, financial advisory, private placement of debt and equity securities, project finance and direct equity investment, and (2) Power to invest in allied and non-allied enterprises, subject to regulatory caps on the amount of investment relative to the Bank’s capital and ownership percentage.

AUB began as a joint venture between a consortium of Filipino Industrialists (namely, Jacinto L. Ng, Sr., Luis U. Ang, and Jose S. Sandejas) and Taiwanese investment banks (namely, China United Trust & Investment Corporation, and China Development Industrial Bank). As of December 31, 2013, the Bank is now a publicly listed company with three principal/substantial stockholders: Republic Biscuit Corporation, Kuo Yu Philippines Holdings Corporation, and Lambda Holdings Corporation.

To expand its business and distribution network, AUB has three subsidiaries as of December 31, 2023 as shown in the table below:

Subsidiary Principal Activities Country of Incorporation % Ownership
Rural Bank of Angeles Rural Banking Philippines 99.54%
Cavite United Rural Bank Rural Banking Philippines 100.00%
Asia United Leasing and Finance Corp (AULFC) Leasing and Financing Philippines 39.00%

Over the past three years, AUB has been steadily growing by building a strong and loyal client base through its careful and focused client generation activities and technological innovations for both its deposit-taking and lending businesses.

Consolidated Parent Company
2023 2022 2021 2020 2022 2021
Total Assets (in PhP billions) 355 340 318 350 337 315
% growth 4% 7% 1% 4% 7% 1%
Net Income (in PhP millions) 8,261 6,279 4,068 8,252 6,267 4,054
% growth 32% 54% 34% 32% 55% 34%
Branches* 265 260 264 224 217 221
% growth 2% -2% -2% 3% -2% -3%

*Includes micro-banking offices

In 2021, as the business environment in the country slowly recovered, the group got a P4.1 billion net income, 34% higher than previous year’s net income of P3.0 billion. The group managed to reduce its provision for credit losses to P2.4 billion in 2021 from P5.4 billion in 2020.

In 2022, AUB’s full year 2022 net income soared 54% to P6.3 billion, boosted mainly by increased loan volume, higher margins and improvement on loan loss provisions. Total assets reached P340 billion, reflecting a 7% growth year-on-year, taking off from 2021vs2020 flattish growth of 1%.

In 2023, AUB’s full year 2023 net income increased by 32% to P8.2 billion, boosted mainly from the robust loan growth, more profitable net interest margin, continuously improving credit quality and higher operating efficiency, . Total assets reached P350 billion, reflecting a 4% growth year-on-year.

To view the company’s annual and quarterly financial disclosures please visit this page:

Mission Vision & Values

Our Vision

We are committed to be the bank of choice, known for financial strength and superior delivery of innovative products and services, driven towards total customer satisfaction.

Our Mission

We shall be guided by our chosen corporate values of Commitment, Integrity, Excellence, Leadership, and Teamwork in:

  • developing long-term partnerships with clients through the delivery of responsive, innovative, and value-added products and services;
  • providing the delivery channels that are relevant to our market to ensure convenience and increase the bank's accessibility;
  • creating a dynamic and meritocratic employee work environment that fosters mutual respect, provides professional and personal growth, and encourages creativity;
  • dealing fairly with business partners; and:
  • ensuring optimum returns for our stockholders.

Directors & Management Team

Board of Directors

Jonathan C. Ng Chairman & Director
Abraham T. Co Vice Chairman & Director
Manuel A. Gomez President & Director
George T. Chua Director
Atty. Lily K. Gruba Director
Jacob C. Ng Chief Transformation Officer, Director, EVP, Head of Branch Banking
Acmad Rizaldy P Moti Independent Director
Atty. Romero Federico S. Quimbo Independent Director
Teresita Ang See Independent Director
Ret. Justice Adolfo S. Azcuna Senior Adviser to the Board

Executive Vice Presidents

Antonio V. Agcaoili, Jr.
Rainer T. Defante
Jacob C. Ng
Wilfredo E. Rodriguez, Jr.
Ernesto T. Uy

Senior Vice Presidents

Jill Mae J. Ang
Emma Theresa M. Cabochan
Andrew A. Chua
Mariflor L. Cruz
Rosario M. Dayrit
Joselito R. Jacob
Willy G. Ng
Maria Teresa C. Ogbinar
Cristina O. Pama
Lela S. Quijano
Soledad O. Reyes
Albert T. Reyes
Kristeen Ella M. Reyes
Amelia S. Sison
Maria Magdalena V. Surtida
Catherine C. Uy
Amelin S. Yao

First Vice Presidents

Edward T. Barretto
Joselito R. Camagong
Leah C. Co
Jennifer Joy U. Go
Louie S. Landayan
Zita M. Los Baños
Ma. Bernadette Y. Lozada
Desiree Mae D. Lumanog
Alain A. Lustre
Annette R. Manapil
Marichie O. Nacion
Rachelle D. Ng
Ana Lina S. Palma
Mary Rose R. Pamaran
Maritess V. Pascual
Mimi Tan To Santos
Neil Allen A. Sen
Bienvenido Giancarlo A. Sioson
Christine M. Tan
Karla Andrea M. Ubalde Manuel

Vice Presidents

Ma. Theresa E. Abad
Rachel Louise S. Arnaez
Techie M. Buenaventura
Cindy C. Carreon
Irene T. Ching
Melissa C. Climaco
Dhyndo J. Coronacion
Joanna Patricia L. Crisostomo
Laidy Claire C. Dela Rosa
Samuel S. Dogillo
Ma. Theresa Lynn Egusquiza
Raymond Joseph G. Fernandez
Emily S. Go
Lisette Lachica-Araneta
Myra L. Lavandero
Jahil L. Macapagal
Raymund M. Mangahas
Paulo Angelo V. Mariano
Eileen C. Ng
Ma. Concepcion L. Piscasio
Rhoderick M. Ratio
Rober Christian B. Rodriguez
Jerilee Mae C. Sanidad
Rachelle Solis
Ma. Trinidad O. Songco
Maribel V. Toriente
Katherine R. Villareal
Leslie W. Villegas
Emily C. Wong
Maria Victoria B. Yee
Stephany V. Yu

Assistant Vice Presidents

Reyna May B. Abangan
Rosalia B. Adducul
Ma. Marilyn V. Ahorro
Ronald T. Alava
Reynaldo B. Alip
Sandra I. Alunan
Von Czar Amora
Elaine Marie T. Ang
Elsa R. Bañez
Marilene Bitancur
Maria Isabel P. Bolinas
Yilin Cai
Emerson L. Capule
Lily Ann M. Chua
Maria Loreli C. Crisostomo
Fermin F. De Guzman
Nanette L. De Jesus
Lucita S. Dee
Gladioli C. Diesmos
Robert Frederick P. Dy
Maria Virgina Feliciano
Teresa Socorro S. Feraren
Mary Errlynd Garcia
Maricel T. Garcia Tan
Emilia Teresa Gatuslao
Ma. Gracia M. Gordo
Michael Patrick R. Ibarra
Jonafel E. Infante
Marilyn H. Inigo
Emelie C. Lao
Jimpson R. Lim
Shella Marie E. Lipio
Christine Mendoza
Armando K. Milanes
Alfred Paul Paiso
Liwayway D. Palaganas
Maricar Palban
Marianne Kriselle R. Parel
Jayson Pineda
Jacquelyn C. Pornel
Rose Ann Ramos
Paulo Rivera
Eduardo Arsenio C. Roldan
Melissa T. Sadang
Mary Genevieve C. Sia
Christine C. Tan
Leia Vernnease Tan
Alyana Erika M. Tan
Bernadette T. Tiongson
Rosalie S. Torres
Jocelyn Marie Uson
Ronaldo Y. Villanueva
Alfredo S. Villanueva
Jayson Gerard L. Yu

For more information on Asia United Bank's Directors, Executive Vice Presidents and Senior Vice Presidents, kindly refer to the company's Definitive Information Statement (SEC Form 20-IS) submitted to the Securities and Exchange Commission on May 29, 2023, which can be found in the SEC Filings Page under the Company Disclosures sub-tab in the website's Investor Relations tab.

Updated as of December 31, 2023

Organizational Chart

Group Corporate Structure

Shareholding Structure