East West Banking Corporation (EW) was registered with the Securities and Exchange Commission on March 22, 1993. The Company was granted authority by the Bangko Sentral ng Pilipinas (BSP) to operate as a commercial bank in 1994 and commenced operations on July 8 of the same year.
EW's principal banking products and services include deposit-taking, loan and trade finance, treasury, trust services, credit cards, cash management and custodial services. The Company offers the financial services to consumer and corporate clients. On January 25, 2012, EW obtained from BSP the approval to operate as a universal bank.
On May 6, 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.
The Company’s current subsidiaries are East West Rural Bank, Inc., East West Insurance Brokerage, Inc., East West Leasing and Finance Corporation, Price Solution Philippines, Inc., Assurance Solutions Insurance Agency, and East West Ageas Life Insurance Corporation. EW is also part of a joint venture – East West Ageas Life Insurance Corporation, a life insurance firm formed with Ageas Insurance International N.V.
As of December 31, 2016, EW has a network of 378 branches and 580 automated teller machines, majority of which are located within Metro Manila.
EW's principal banking products and services include deposit-taking, loan and trade finance, treasury, trust services, credit cards, cash management and custodial services. The Company offers the financial services to consumer and corporate clients. On January 25, 2012, EW obtained from BSP the approval to operate as a universal bank.
On May 6, 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.
The Company’s current subsidiaries are East West Rural Bank, Inc., East West Insurance Brokerage, Inc., East West Leasing and Finance Corporation, Price Solution Philippines, Inc., Assurance Solutions Insurance Agency, and East West Ageas Life Insurance Corporation. EW is also part of a joint venture – East West Ageas Life Insurance Corporation, a life insurance firm formed with Ageas Insurance International N.V.
As of December 31, 2016, EW has a network of 378 branches and 580 automated teller machines, majority of which are located within Metro Manila.
As of Sept 22, 2017, EW was last traded price at 31.6Php. This is just 1.3 times higher compared to their recorded book value as according to their June 2017 quarterly report. Most value investor, they may find the market price to be still in a bargain.
In terms of P/E, the company recorded a trailing P/E of 13.92 meaning, for every 1PHP earning last 2016, investors of this company are willing or is paying 13.92Php. With a P/E value and with a growth rate of 57.64% from 2015 to 2016, the company trailing PEG ratio would only be 0.24 which means, investors of this company are paying 13.92Php for every 1PHP income last 2016 for a growth rate of 57.64%. In terms of this parameter, a value investor may found this share to be undervalued since the PEG ratio is less than 1.
In terms of income, the first 6 months net income attributable to parents this year increases by 60% in comparison to last year first 6months net income.
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