PSE Circular for Brokers No. 1708-98

July 23, 1998 PSE CIRCULAR FOR BROKERS NO. 1708-98 CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. Date of Report (Date of earliest event reported): 17 July 1998 2. SEC Identification Number 17596 3. BIR Tax Identification No. 039-000-910-715 4. Exact name of registrant as specified in its charter: Asiatrust Development Bank Inc. 5. Province, country or other jurisdiction of incorporation: Metro Manila, Philippines 6. Industry Classification Code: [ ] (SEC Use Only) 7. Address of Principal Office: 1424 Quezon Avenue, Postal Code: 1103 Quezon City, MM 8. Registrant' telephone number, including area code: (632) 373-41-01 to 02 9. Former name or former address, if changed since last report: N/A 10. Securities registered pursuant to Section 4 and 8 of the RSA: Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Outstanding Liabilities (as of 30 June 1998) Common Shares 104,013,225/P7,347,208,096 11. Indicate the item numbers reported herein: 1 Item 9 . Other Events 1. Opening of 25th and 26th Branches ATB opened its Banawe and Meycauayan branches last 08 May 1998 and 12 May 1998 respectively. The Banawe branch is located at 740 Banawe St., Quezon City while the Meycauayan branch is located at Mc.Arthur Highway corner Gen. Pacheco St., Calvario, Meycauayan, Bulacan. With opening of these branches, the Banks projects the following: (a) increased customer base; (b) increased deposit level; (c) increase service area for SME in terms of deposit, loans and other banking services. Exact figures for the financial impact shall be reflected in the Annual Report. cd SIGNATURES Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ASIATRUST DEVELOPMENT BANK, INC. Registrant (SGD.) MA. NERIZA C. SAN JUAN Vice President Corporate Legal Counsel