METROPOLITAN BANK & Trust Co. (Metrobank) saw its net income rise by 11.44% in the second quarter as it booked higher net interest earnings amid an expanded loan book and elevated rates.
The Ty-led bank’s attributable net income stood at P11.61 billion in the April-to-June period, up from P10.42 billion in the same period last year, according to its financial statement disclosed to the stock exchange on Thursday.
This brought its net profit for the first semester to a record P23.61 billion, rising by 12.95% year on year from P20.898 billion.
Metrobank’s first-half performance was driven by “robust asset expansion, stable margins, well-managed cost growth and healthy asset quality,” it said.
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