Metrobank H1 profit up 33% to P15.6B

By Eireene Jairee Gomez

Aug 03, 2022 12:24 am

METROPOLITAN Bank and Trust Co. (Metrobank) booked a 33-percent increase in net profit to P15.6 billion in the first half of 2022, on the back of the company's better performance across its portfolio.

It registered a record increase in earnings during the second quarter, with a 95-percent increase amounting to P7.6 billion. Metrobank attributed the higher net income to faster loan expansion, improving interest margin, robust fee income growth, stable operating costs and lower provisions amid healthier asset quality.

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