Asia United Bank
A Philippine universal bank and the banking arm of the Rebisco Group of Companies.
Last updated October 30, 2026
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Overview
Asia United Bank Corporation, commonly known as Asia United Bank or AUB, is a Philippine commercial and universal banking institution. It was registered with the Philippine Securities and Exchange Commission on October 3, 1997, and began commercial banking operations on October 31 of the same year. The bank was established within the business interests associated with the Rebisco Group of Companies and remains identified as the banking arm of that group. AUB initially operated as a commercial bank. Its regulatory scope broadened in 2013, when the Bangko Sentral ng Pilipinas authorized it to operate as a universal bank. That change allowed the institution to compete across a wider range of banking activities than a conventional commercial-bank license, supporting a broader financial-services proposition for retail, business, and institutional customers. The available reference material does not provide a detailed product catalogue or a complete account of its branch, digital, or corporate-banking operations, so those areas should not be treated as exhaustively documented here. The bank has developed a nationwide Philippine banking presence through branches and other banking channels. In 2018, it announced plans to open 15 additional branches, which were expected to bring its network to 264 locations by the end of that year. This expansion reflected a continued emphasis on physical distribution alongside the bank's broader universal-banking mandate. AUB is a publicly traded Philippine banking company with the Philippine Stock Exchange ticker AUB. The bank is also associated with BancNet, the Philippine electronic banking network, although the supplied material does not specify the full range of network services or participation arrangements. In 2022, AUB was described as the thirteenth-largest bank in the Philippines by assets. Leadership changed in July 2023, when Rebisco president Jonathan C. Ng was elected chairman, succeeding Abraham T. Co. The change connected the bank's governance more directly with senior leadership of its corporate group. AUB's positioning is therefore that of a Philippine universal bank with commercial-bank origins, group backing from a diversified domestic business organization, and a strategy that combines regulated banking services with an expanding distribution network.
History
Asia United Bank Corporation was incorporated in the Philippines on October 3, 1997, when it was registered with the Securities and Exchange Commission. It commenced operations as a commercial bank on October 31, 1997. From its origin, the institution was associated with the Rebisco Group of Companies, a Philippine business group, and became known as the group's banking arm. The bank's first operating phase was defined by a commercial-banking license. This placed AUB within the Philippine banking sector as a regulated institution focused on conventional banking activities rather than as a universal bank from inception. Over time, it expanded its institutional scope and market presence. A significant regulatory milestone came in 2013, when the Bangko Sentral ng Pilipinas granted AUB authority to operate as a universal bank. The authorization enabled the bank to pursue a wider range of banking activities and strengthened its position within the Philippine financial system. AUB subsequently continued developing its delivery network. In 2018, the bank planned to establish 15 additional branches, with the stated objective of reaching 264 branches by the end of that year. The expansion illustrated the importance of physical access in its Philippine growth strategy, while its association with BancNet connected it to the country's electronic banking infrastructure. The bank later became a publicly traded Philippine financial institution under the Philippine Stock Exchange ticker AUB. Reference material describes it as the thirteenth-largest bank in the Philippines by assets in 2022, providing an indication of its scale within the domestic banking market. The available sources do not supply a complete chronology of financial results, acquisitions, product launches, or digital initiatives, so no additional milestones are asserted here. In July 2023, governance changed when Jonathan C. Ng, identified as president of the Rebisco group, was elected chairman of Asia United Bank. He replaced Abraham T. Co. The leadership transition reinforced the continuing relationship between AUB and its corporate group. Today, the bank is characterized as an active Philippine universal bank with commercial-bank roots, a domestic branch network, public-market status, and backing from the Rebisco Group of Companies.
- 2023
Chairmanship transition
[1]Jonathan C. Ng was elected chairman in July, replacing Abraham T. Co.
- 2022
Thirteenth-largest Philippine bank by assets
[1]AUB was described as the Philippines' thirteenth-largest bank by assets.
- 2018
Branch-network expansion plan
[1]AUB planned 15 new branches, targeting a network of 264 branches by the end of the year.
- 2013
Universal-bank authorization
[1]The Bangko Sentral ng Pilipinas authorized AUB to operate as a universal bank.
- 1997
Incorporation and commercial-bank launch
[1]Asia United Bank was registered with the Philippine Securities and Exchange Commission on October 3 and began operating as a commercial bank on October 31.
Products and positioning
A Philippine universal bank serving retail, commercial, and institutional customers, with the backing of the Rebisco Group and a domestic branch and banking-channel network.
Banking services · 1997
Commercial banking
AUB began as a commercial bank in 1997 and continues to provide the core banking functions associated with a Philippine commercial institution. The supplied references do not identify specific account names, loan products, fees, or eligibility rules, so this entry describes the service category rather than individual offerings.
Banking services · 2013
Universal banking services
Following Bangko Sentral ng Pilipinas authorization in 2013, AUB operated under a universal-bank license. This expanded regulatory category supports a broader scope of banking activity than its original commercial-bank status, although the supplied material does not enumerate every service offered under the authorization.
Banking distribution
Branch and electronic banking channels
AUB distributes banking services through a Philippine branch network and participates in the BancNet electronic banking ecosystem. In 2018, it planned to add 15 branches and reach 264 locations. Specific digital products and channel features are not detailed in the available reference material.
Brand decisions
2018
Branch-network expansionStrategyBackground
AUB continued expanding its domestic physical distribution network.
Action taken
The bank planned to open 15 new branches, targeting 264 branches by the end of the year.
Aftermath
The plan was intended to increase AUB's Philippine branch reach, although the supplied source does not provide later completion data.
2013
Transition to universal-bank operationsStrategyBackground
AUB had operated as a commercial bank since its launch in 1997 and sought a broader banking mandate.
Action taken
The Bangko Sentral ng Pilipinas granted AUB authority to operate as a universal bank.
Aftermath
The authorization broadened AUB's regulatory operating scope within the Philippine banking sector.
Recent events
- 2023
Jonathan C. Ng elected chairman of Asia United Bank[1]
Leadership change
Rebisco president Jonathan C. Ng became chairman of AUB in July 2023, succeeding Abraham T. Co.
- 2018
Asia United Bank plans 15-branch expansion[1]
Other
The bank announced plans to open 15 new branches, with the intended expansion bringing its network to 264 branches by the end of the year.
- 2013
Bangko Sentral ng Pilipinas authorizes Asia United Bank to operate as a universal bank[1]
Regulation
AUB received authorization from the Philippine central bank to broaden its status from a commercial bank to a universal bank.
Sources2 sources
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