CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Jun 27, 2017
2. SEC Identification Number
A-1997-18963
3. BIR Tax Identification No.
005-011-651-000
4. Exact name of issuer as specified in its charter
ASIA UNITED BANK CORPORATION
5. Province, country or other jurisdiction of incorporation
Pasig City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Joy-Nostalg Center No. 17 ADB Avenue, Ortigas Center, Pasig CityPostal Code1600
8. Issuer's telephone number, including area code
(632) 631-3333 / (632) 638-6888
9. Former name or former address, if changed since last report
Not Applicable
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock
485,310,538
11. Indicate the item numbers reported herein
Item 9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Asia United Bank CorporationAUB
PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
AUB’s Clarification of News Report Entitled "AUB bullish on growth, sees 15% rise in resources "
Source
Inquirer.net
Subject of News Report
AUB bullish on growth, sees 15% rise in resources
Date of Publication
Jun 26, 2017
Clarification of News Report
We write with respect to your request for clarification of the news article entitled “AUB AUB bullish on growth, sees 15% rise in resources”, posted in Inquirer.net on June 26, 2017. The article reported in part that:
“. . . .
AUB president Abraham Co told reporters after the bank’s stockholders’ meeting last week that the bank’s balance sheet could end the year at P190 billion compared to P165.5 billion last year.
. . . .
This year, AUB expects a double-digit growth in net profit, tracking the projected growth in earning assets.
. . . .”
We wish to inform you that we are confirming the projected growth in asset size as relayed by the President. In addition, the bank will continue to grow its commercial and consumer loan portfolio, including credit cards. This will translate to a double-digit growth in interest income (net). Growth in operating expenses is expected to be minimal, and will support the forecasted double-digit growth in the bank’s net income.
Thank you very much.
Other Relevant Information
Please see attached letter to Ms. Janet Encarnacion, Head - Disclosure Department.