March 10, 2013

Metrobank profit rises 40% to P15.4 B


Metropolitan bank & Trust Co. (Metrobank) has said its full year net income increased by 40% in 2012 to a total of P15.4 billion from P11 billion in 2011.

The bank also breached the P1-T level in terms of consolidated resources to P1.04 trillion, 5% higher than P958.4 billion the previous year.

Total operating income grew to P58.7 billion, fueled by the 5% expansion of net interest income to P30.8 billion and the 33% growth in non-interest income. Net interest margin improved to 3.6%

“This fuelled the 15 percent year-on-year expansion in net loans and receivables to P525.7 billion, with the consumer and commercial middle market leading the growth,” the bank said.