Asia United Bank Corporation Profile and History

Asia United Bank Corporation has a rich history that spans several decades. The bank was founded in 1951 by a group of Filipino entrepreneurs.

One of its earliest milestones was obtaining a commercial banking license from the Central Bank of the Philippines in 1977. This marked a significant turning point in the bank's growth and expansion.

Asia United Bank Corporation has a strong presence in the Philippines, with a network of branches and ATMs across the country. Its commitment to innovation and customer service has made it a trusted financial institution among Filipinos.

The bank's focus on community development and corporate social responsibility is evident in its various initiatives and programs that support education, healthcare, and economic empowerment.

Asia United Bank has reported its earnings results for the third quarter and nine months ended September 30, 2024.

The bank's profit soared 41% in the first nine months of the year.

Asia United Bank Corporation has reported its earnings results for the third quarter and nine months ended September 30, 2024.

Here's a summary of the bank's recent performance:

Asia United Bank's financial data is quite impressive. The bank's capitalization is a staggering 44.77B, with a P/E ratio of 3.21x in 2022 and 2.88x in 2023.

The bank's enterprise value is 24.82B, with an EV/Sales ratio of 0.53x in 2022 and 0.23x in 2023.

Here's a breakdown of the bank's free-float and yields: the free-float is 15.35%, with a yield of 4.82% in 2022 and 4.08% in 2023.

Worth a look: Bank 2022

Equities are a key part of the financial landscape, and understanding their performance is crucial for investors.

The end-of-day quote for the Philippines Stock Exchange on January 14, 2025, was 71.40.

A 2.88% increase in the stock market over the past 5 days is a significant gain.

This growth is even more impressive when compared to the 1st January change, which was a 5.93% increase.

However, it's worth noting that this growth is not uniform across all time frames, as the 1st January change is significantly higher than the 5-day change.

Here's a breakdown of the 5-day change and 1st January change:

It's also interesting to see the stock market's performance over a longer period, with a 16.10% increase from the beginning of the year.

Asia United Bank Corporation's valuation is a topic of interest for investors and analysts. The bank's capitalization has been steadily increasing over the years, reaching 65.98B in 2022.

The bank's P/E ratio has also seen a decline, from 3.21x in 2022 to 2.88x in 2023.

Enterprise value, on the other hand, has increased significantly, reaching 36.57B in 2022.

Here's a breakdown of the bank's valuation metrics:

The bank's free-float percentage is relatively low at 15.35%.

Some financial institutions charge a monthly maintenance fee for debit cards, which can range from $2 to $10 per month.

This fee can be waived if you maintain a minimum balance in your account, such as $1,000 or more.

Some banks also charge a fee for using an out-of-network ATM, which can be up to $3 per transaction.

Additionally, some credit card issuers charge a foreign transaction fee of 1-3% of the transaction amount.

You can avoid these fees by choosing a bank or credit card that offers fee-free accounts and transactions.

Curious to learn more? Check out: Bank Charge