East West Banking Corp 2023 AR2
The report highlights EastWest Bank's robust recovery in 2023, returning to pre-pandemic performance levels with a net income growth of 32% to Php 6.1 billion. The bank successfully shifted its asset mix toward higher-earning consumer loans, which grew to represent 80% of its total loan portfolio. In digital banking, EastWest achieved significant milestones, including doubling the user base of its digital banking service, Komo, and launching the pioneering contactless payment app, EastWest Pay. On the sustainability front, the bank completed its Environmental and Social Risk Management Framework in compliance with regulatory guidelines and successfully transitioned 97% of active credit cardholders to electronic statements, saving over 23 million printed pages.
Company: East West Banking Corp
Sector: Financials
Country: Philippines
Year: 2023
Type: AR2
Pages: 151
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East West Banking Corp
Annual Report
The report highlights EastWest Bank's robust recovery in 2023, returning to pre-pandemic performance levels with a net income growth of 32% to Php 6.1 billion. The bank successfully shifted its asset mix toward higher-earning consumer loans, which grew to represent 80% of its total loan portfolio. In digital banking, EastWest achieved significant milestones, including doubling the user base of its digital banking service, Komo, and launching the pioneering contactless payment app, EastWest Pay. On the sustainability front, the bank completed its Environmental and Social Risk Management Framework in compliance with regulatory guidelines and successfully transitioned 97% of active credit cardholders to electronic statements, saving over 23 million printed pages.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Water Consumption
Workplace Fatalities
Employees