Tuesday 16 October
Powered by Ajaxy
Nov 6, 2017 @ 17:15

Metrobank makes P13.2B as of end-Sept.

 

Increased lending and trading gains kept the bank afloat.

Bilyonaryo George Ty’s Metropolitan Bank & Trust Co. (Metrobank) saw its consolidated net income hit P13.2 billion from January to September, spelling a 5% increase from the same period in 2016.

The bank told the Philippine Stock Exchange that these gains were supported by a 20% rise in loans and receivables which hit P1.2 trillion, largely from corporates and middle-market businesses. In sum, gross revenues reached P62.9 billion.

Deposits also went up to P1.5 trillion, posting a 15% growth in low cost accounts.

Non-interest income also reached P17.6 billion, broken down to P9.1 billion from service fees, commissions, and trust operations; P4 billion in net trading gains; and P4.5 billion in other income.

Meanwhile, operating expenses saw a modest 8% increase to P35.8 billion.

Please follow and like us:

Tags: , , , , , , ,

Related Stories
San Miguel Food & Beverage Inc. is embarking on a string of roadshows in Asia,
Japanese billionaire Kazuo Okada has warned the Philippine Stock Exchange of the ongoing ownership squabble
This bank is really aggressive about its digital strategy.


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.