Tuesday 17 July
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.

Tags: , , , , , , ,

Related Stories
More foreigners opted to take their money out of the Philippines last month.
For the last seven years, bilyonaryo Lucio Co's Puregold has held the title as the
The Philippine Stock Exchange suspended trading in shares of San Miguel Food and Beverage Inc.
The Philippine Stock Exchange has penalized five companies owned by some of the country's prominent


Trending News

Recommended on sister sites

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