Asia United Bank Corporation (PSE: AUB, also known in Hokkien Chinese: 亞洲聯合銀行; Pe̍h-ōe-jī: A-chiu Liân-ha̍p Gûn-hâng; & Mandarin simplified Chinese: 亚洲联合银行; traditional Chinese: 亞洲聯合銀行; pinyin: Yàzhōu Liánhé Yínháng),[1] commonly known as Asia United Bank or AUB, is a universal bank in the Philippines and licensed by the Bangko Sentral ng Pilipinas (BSP).
[4] In July 2023, Rebisco president Jonathan C. Ng was elected as the chairman of the company, replacing Abraham T. Co.[5] AUB was registered with the Securities and Exchange Commission (SEC) on October 3, 1997.
[6] AUB was granted the authority to operate as a commercial bank under the Monetary Board (MB) Resolution No.
In 2012, it obtained approval from the Bangko Sentral ng Pilipinas (BSP) to upgrade its license into expanded commercial banking status.
The universal banking license authorizes, AUB, in addition to its general powers as a commercial bank, to exercise the following: (1) Powers of an investment house, including securities underwriting and trading, loan syndication, financial advisory, private placement of debt and equity securities, project finance and direct equity investment, and (2) Power to invest in allied and non-allied enterprises, subject to regulatory caps on the amount of investment relative to the bank's capital and ownership percentage.