EastWest Banking Corporation (EW) has unveiled its strategic priorities for 2025, focusing on expanding its reach through hyperlocal growth, strengthening customer relationships across its ecosystem, and integrating financial services into digital platforms. These priorities are aligned with the bankโs goal to cement its position among the nationโs leading consumer banks.
The announcement follows EastWestโs declaration of a Php 1.5 billion cash dividend, equivalent to Php 0.68 per share, for shareholders of record as of May 12, 2025. The dividend will be paid out on May 31, 2025. This declaration was made during the Bankโs virtual Annual Stockholdersโ Meeting on April 24, 2025, following a record-breaking year marked by impressive financial performance.
In 2024, EastWest posted an all-time high net income of Php 7.6 billion, a 25% increase year-on-year. This growth was driven by strong consumer loan demand, steady deposit inflows, and industry-leading margins. The dividend announcement highlights the Bankโs commitment to delivering significant returns and long-term value to its shareholders.
โThis dividend reflects the robust financial foundation weโve built over the years,โ said Jerry G. Ngo, CEO of EastWest. โWe are proud to share our success with stockholders as we celebrate our 30th anniversary.โ Ngo further emphasized that the Bankโs disciplined strategy and operational execution were key to achieving this milestone.
Key achievements in 2024 include a return on equity of 10.8%, total assets surpassing Php 523.7 billion, a 16% growth in consumer loans, and an 8% increase in deposits. The Bank also maintained an impressive CASA ratio of 81%, well above industry standards.
โ2024 was not only a record year for financial performance, but also a transformative period for EastWest. We strengthened our capabilities, embraced innovation, and laid the groundwork for sustained growth,โ said Ngo. โAs we enter 2025, we remain committed to putting our customers at the center of everything we do, and we are excited about the opportunities ahead.โ
The dividend declaration and strong financial results coincide with EastWestโs 30th anniversary and align with the Filinvest Groupโs 70th year of operations, symbolizing a shared journey of growth, ambition, and service to communities and industries across the Philippines.
EastWest Banking Corporation is a Filipino-owned universal bank committed to empowering its clients with world-class financial solutions. A subsidiary of Filinvest Development Corporation (FDC), EastWest plays a pivotal role within one of the Philippinesโ leading conglomerates, which has diverse interests spanning real estate, banking, hospitality, infrastructure, power generation, and sugar.
