East West Banking Corp. (EastWest), the banking arm of Gotianun family, has declared a P 1.5 billion cash dividend following its strongest financial performance to date.
The dividend is equivalent to P 0.68 per share and will be given to shareholders on record as of May 12, 2025. Payment is scheduled for May 31, 2025, the bank reported during the its annual stockholders’ meeting held Thursday.
EastWest posted a record-high net income of P7.6 billion in 2024, up 25 percent from the previous year. This growth was driven by strong consumer loans, steady deposit inflows, and high margins.
“This dividend declaration is the result of the solid financial foundation we have built over the years. We’re proud to share the success of EastWest with our stockholders as we mark our 30th year,” said EastWest chief executive Jerry Ngo.
“Our disciplined strategy and operational execution enabled us to deliver this milestone year.”
Return on equity rose to 10.8 percent. Total assets reached P523.7 billion.
Consumer loans grew by 16 percent, while deposits increased by 8 percent.
The bank maintained a CASA ratio of 81 percent, above industry averages.
EastWest plans to expand further in 2025. Its focus will be on growth, stronger customer relationships, and more digital services.
“2024 was not only our best year financially—it also marked a period of transformation as we deepened our capabilities, embraced innovation, and laid the groundwork for sustained growth,” Ngo said.
“With our customers at the center, we look forward to going even further in 2025.”
The share price of EastWest closed higher by 4.21 percent to P10.88 apiece on Friday.
