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                    [ArticleID] => 320030
                    [Title] => P2.76B record income for Union Bank in 2005
                    [Summary] => Aboitiz-led Union Bank of the Philippines hit a record P2.76 billion in net income, which 21 percent higher than the previous year's P2.28 billion.


The bank's net income has been growing by a compounded annual rate of more than 20 percent in the past five years. Return on average equity increased to 15.4 percent in 2005 from 14.2 percent in 2004 while return on average assets stood at 2.6 percent.


Improved profitability was achieved on top of the 20 percent increase provisions for loan losses to P421 million for the year from P350 million in 2004.


                    [DatePublished] => 2006-02-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1298072
                    [AuthorName] => Ehda Dagooc
                    [SectionName] => Freeman Cebu Business
                    [SectionUrl] => cebu-business
                    [URL] => 
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CUSTOMS DUTIES

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    [results] => Array
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                (
                    [ArticleID] => 320030
                    [Title] => P2.76B record income for Union Bank in 2005
                    [Summary] => Aboitiz-led Union Bank of the Philippines hit a record P2.76 billion in net income, which 21 percent higher than the previous year's P2.28 billion.


The bank's net income has been growing by a compounded annual rate of more than 20 percent in the past five years. Return on average equity increased to 15.4 percent in 2005 from 14.2 percent in 2004 while return on average assets stood at 2.6 percent.


Improved profitability was achieved on top of the 20 percent increase provisions for loan losses to P421 million for the year from P350 million in 2004.


                    [DatePublished] => 2006-02-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1298072
                    [AuthorName] => Ehda Dagooc
                    [SectionName] => Freeman Cebu Business
                    [SectionUrl] => cebu-business
                    [URL] => 
                )

        )

)

abtest

P2.76B record income for Union Bank in 2005

By Ehda Dagooc | February 4, 2006 - 12:00am

Aboitiz-led Union Bank of the Philippines hit a record P2.76 billion in net income, which 21 percent higher than the previous year's P2.28 billion. The bank's net income has been growing by a compounded annual rate...

Freeman Cebu Business