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Asia-Pacific ‘strongest banks’ list includes AUB

ASIA United Bank (AUB) Corp. announced it has been listed by Singapore-headquartered TAB International Pte. Ltd. as one of the 500 strongest banks by balance sheet evaluation in the Asia Pacific in 2020, landing 52nd place in the region and third in the Philippines.

The “Strongest Banks” ranking was released by TAB International’s publication “The Asian Banker. AUB said the financial performances of the banks in the Asia Pacific region were rated through six crucial indicators: Scale of the banks’ assets relative to domestic gross domestic product (GDP); balance sheet growth of net loans and deposits; risk management of the banks’ operations; profitability and sustainability; strength and credibility of loans disbursed; and, liquidity of assets to meet adverse events requiring cash outflow.

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

“We are extremely pleased of AUB’s performance vis-a-vis local banks, as well as in the region,” AUB President Manuel A. Gomez was quoted in a statement as saying. “It is proof of AUB’s stability and resilience as an institution, and a recognition of [our] 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 $1 billion in revenue and consistent top and bottom-line growth.

AUB began operating in 1997 after securing a full-branch commercial license that year. In 2013, AUB joined the league of Philippine banks that have become publicly listed, acquiring universal banking status.

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