Friday, February 9, 2018

East West Banking Corporation (EW)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
East West Banking Corporation (EW)
Sector
Financials
Incorporation Date
Mar 22, 1994
Subsector
Banks
Number of employees
5,546 (Group Total)
Board of Directors
Chairman: Jonathan T. Gotianun
Website / E-mail
http://www.eastwestbanker.com
2. Stock Information
Total Assets
314,852,711,000
Market Capitalization
49,649,457,491.00
Total Liabilities
277,265,039,000
Outstanding Shares
1,499,983,610
Retained Earnings
17,429,814,000
Listed Shares
1,499,983,610
Listing Date
May 07, 2012
Issued Shares
1,499,983,610
Board Lot
100
Free Float Level (%)
21.01%
Par Value
10.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
FILINVEST DEVELOPMENT CORPORATION
FILINVEST DEVELOPMENT CORPORATION FOREX
PCD NOMINEE CORPORATION (FILIPINO)
FDC FOREX CORPORATION
PCD NOMINEE CORPORATION (NON-FILIPINO)
40.01%
26.33%
15.77%
10.85%
06.83%
4. Company Descriptions and Business Development
Notes
1. Related companies: FDC, EW, FLI
2. Mr. Andrew L. Gotianun, Sr. is married to Mrs. Mercedes T. Gotianun. They are the parents of Jonathan T. Gotianun and Mrs. Josephine G. Yap.
Overview
It provides all kinds of universal bank services. EW has a network of 378 branches and 580 automated teller machines, majority of which are located within Metro Manila. EWRB has 58 branches as of 2016. EastWest and Standard Chartered Bank Philippines (SCB PH) entered into an agreement for SCB PH’s retail business. Under the agreement, the credit cards, personal loans, wealth management and deposits of SCB in the Philippines will be migrated to EastWest.

Business
Revenue contribution in 2016 (in million pesos)
Interest income
Service charges,  fees and commissions
Trust income
Others
18,200
4,100
18,600
470
43.99%
9.91%
44.96%
1.14%
Main driver of growth is the consumer loans such as auto loans, corporate loan and salary loan.

Subsidiaries / Associates / Affiliates / Joint Ventures
East West Rural Bank, Inc.(EWRB)
East West Insurance Brokerage, Inc.
East West Leasing and Finance Corporation
East West Ageas Life Insurance Corporation (50%)

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