CR02383-2019

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-A, AS AMENDED

ANNUAL REPORT PURSUANT TO SECTION 17
OF THE SECURITIES REGULATION CODE AND SECTION 141
OF THE CORPORATION CODE OF THE PHILIPPINES

1. For the fiscal year ended
Dec 31, 2018
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 or organization
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 City Postal Code 1600
8. Issuer's telephone number, including area code
(632) 631-3333 / (632) 638-6888
9. Former name or former address, and former fiscal year, 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 485,310,538
11. Are any or all of registrant's securities listed on a Stock Exchange?
Yes
No
If yes, state the name of such stock exchange and the classes of securities listed therein:
Philippine Stock Exchange / Common Stock
12. Check whether the issuer:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17.1 thereunder or Section 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of The Corporation Code of the Philippines during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes
No
(b) has been subject to such filing requirements for the past ninety (90) days
Yes
No

13. State the aggregate market value of the voting stock held by non-affiliates of the registrant. The aggregate market value shall be computed by reference to the price at which the stock was sold, or the average bid and asked prices of such stock, as of a specified date within sixty (60) days prior to the date of filing. If a determination as to whether a particular person or entity is an affiliate cannot be made without involving unreasonable effort and expense, the aggregate market value of the common stock held by non-affiliates may be calculated on the basis of assumptions reasonable under the circumstances, provided the assumptions are set forth in this Form

9,651,129,811.95
APPLICABLE ONLY TO ISSUERS INVOLVED IN INSOLVENCY SUSPENSION OF PAYMENTS PROCEEDINGS DURING THE PRECEDING FIVE YEARS

14. Check whether the issuer has filed all documents and reports required to be filed by Section 17 of the Code subsequent to the distribution of securities under a plan confirmed by a court or the Commission.

Yes
No
DOCUMENTS INCORPORATED BY REFERENCE
15. If any of the following documents are incorporated by reference, briefly describe them and identify the part of SEC Form 17-A into which the document is incorporated:
(a) Any annual report to security holders
none
(b) Any information statement filed pursuant to SRC Rule 20
none
(c) Any prospectus filed pursuant to SRC Rule 8.1
none

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 17-1 - Annual Report References: SRC Rule 17 and
Section 17.2 and 17.8 of the Revised Disclosure Rules

For the fiscal year ended Dec 31, 2018
Currency Pesos
Balance Sheet
Year Ending Previous Year Ending
Dec 31, 2018 Dec 31, 2017
Current Assets 216,621,436,375 193,542,764,992
Total Assets 237,642,584,697 199,935,534,088
Current Liabilities 201,621,638,235 166,373,165,988
Total Liabilities 208,426,323,027 173,096,357,803
Retained
Earnings/(Deficit)
17,990,198,650 15,461,485,614
Stockholders' Equity 29,216,261,670 26,839,176,287
Stockholders' Equity - Parent 29,071,454,467 26,655,403,140
Book Value Per Share 59.9 54.92
Income Statement
Year Ending Previous Year Ending
Dec 31, 2018 Dec 31, 2017
Gross Revenue 7,762,648,220 6,513,228,128
Gross Expense 1,803,388,201 1,922,143,288
Non-Operating Income 9,566,036,421 8,435,371,416
Non-Operating Expense 0 0
Income/(Loss) Before Tax 4,008,056,844 3,393,886,584
Income Tax Expense 720,590,886 567,769,778
Net Income/(Loss) After Tax 3,287,465,958 2,826,166,806
Net Income/(Loss) Attributable to Parent Equity Holder 3,313,340,815 2,800,755,280
Earnings/(Loss) Per Share (Basic) 6.83 5.77
Earnings/(Loss) Per Share (Diluted) 6.83 5.77
Financial Ratios
Formula Fiscal Year Ended Previous Fiscal Year
Dec 31, 2018 Dec 31, 2017
Liquidity Analysis Ratios:
   Current Ratio or
Working Capital Ratio
Current Assets / Current Liabilities 107.44 116.33
   Quick Ratio (Current Assets - Inventory - Prepayments) / Current Liabilities 107.44 116.33
   Solvency Ratio Total Assets / Total Liabilities 114.02 115.51
Financial Leverage Ratios
   Debt Ratio Total Debt/Total Assets 87.71 86.58
   Debt-to-Equity Ratio Total Debt/Total Stockholders' Equity 713.39 644.94
   Interest Coverage Earnings Before Interest and Taxes (EBIT) / Interest Charges 237.23 275.55
   Asset to Equity Ratio Total Assets / Total Stockholders' Equity 813.39 744.94
Profitability Ratios
   Gross Profit Margin Sales - Cost of Goods Sold or Cost of Service / Sales - -
   Net Profit Margin Net Profit / Sales 30.77 33.46
   Return on Assets Net Income / Total Assets 1.5 1.55
   Return on Equity Net Income / Total Stockholders' Equity 11.73 11.17
Price/Earnings Ratio Price Per Share / Earnings Per Common Share 8.69 10.36
Other Relevant Information

Today, April 15, 2019, AUB submitted to the SEC its SEC 17-A for 2018, the Audited Financial Statements for 2018 and 2017.

Please take note of the ffg. computations in the Financial Ratios:
1. Return on Assets was based on Net Income over Average Total Assets
2. Return on Equity was based on Net Income over Average Total Equity

Filed on behalf by:
Name Cynthia Santos
Designation Senior Vice President / Chief Compliance Officer / Head of Compliance Group