ASIA United Bank (AUB) and its subsidiaries on Thursday reported flattish first-half 2026 earnings as growth in its lending business and net interest income helped offset higher credit loss provisions.
In a disclosure, the bank said net income edged up by one percent to P6.19 billion from P6.13 billion a year earlier, while operating income grew by a more substantial 10.1 percent to P12.32 billion.
Net interest income rose 14.9 percent to P10.11 billion as of end-June, driven by continued expansion in its loan portfolio.
“Our steady results in the first half of 2026 reflect a strong foundation that enables us to aggressively accelerate our future-ready digital roadmap,” AUB President Manuel Gomez said.
“As financial landscapes rapidly evolve, we are doubling down on expanding our digital ecosystem — from scaling our HelloMoney e-wallet to enhancing cross-border payment integration through AUB PayMate,” he added.
“By embedding cutting-edge technology into every facet of our operations, we aim to deliver frictionless banking experiences, capture new growth corridors, and maintain our trajectory of sustainable, technology-led profitability,” Gomez continued.
Loans and receivables grew 10 percent to P281 billion from P256 billion, lifting total interest income by 8.2 percent to P12.69 billion.
Total assets increased by 5.6 percent to P427 billion from P405 billion, while deposit liabilities rose 3.8 percent to P338 billion.
Current and savings account deposits amounted to P257 billion, accounting for 76.12 percent of total deposits and helping the bank achieve a net interest margin of 5.1 percent.
Non-interest income from businesses such as HelloMoney, credit cards, trust services, AUB PayMate and branch transactions increased 16 percent to P1.2 billion.
Operating expenses climbed 11 percent to P4 billion as the bank continued to invest in business growth, although it maintained a cost-to-income ratio of 32.6 percent.
The bank also increased provisions for credit losses by 227 percent to P596 million as part of its proactive risk management amid the current macroeconomic environment.
Despite continued loan growth, AUB said asset quality remained sound, with its nonperforming loan ratio at 0.44 percent and nonperforming loan coverage ratio at 107.2 percent.
Total equity rose 8.7 percent to P70.54 billion, the bank said. Capital adequacy ratio improved to 19.28 percent and its common equity tier 1 ratio reached 18.62 percent, both remaining above regulatory minimum requirements.
AUB shares on Thursday dropped P0.10, or 0.21 percent, to close at P48.80 each.
