AUB’s six-month profit jumped to P4.1 billion

AUB president Manuel Gomez said in a statement they remained vigilant for potential headwinds amid the hawkish monetary policy stance despite the continuous improvement in consumer and business confidence.

The first-half bottom line translated into higher return on equity of 20.3 percent and return on assets of 2.6 percent. Strong contributions to the increases in service charges, fees and commissions, securities trading gains and foreign exchange gains came from AUB’s operating activities such as remittance, credit cards, trust, AUB PayMate and trading businesses.

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