Metrobank profit plunges 50% in 2020

Feb 18, 2021 12:20 am

Listed Metropolitan Bank & Trust Co. (Metrobank) saw its net income shrink to P13.8 billion last year on account of loan-loss provisions.

In a disclosure on Wednesday, the Ty-led lender said the amount was a 50.58-percent decrease from the P28.1 billion reported in 2019.

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